Zurcher Kantonalbank Zurich Cantonalbank Decreases Holdings in Xylem Inc. (NYSE:XYL)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Xylem Inc. (NYSE:XYL - Free Report) by 44.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 335,182 shares of the industrial products company's stock after selling 270,986 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.14% of Xylem worth $38,888,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Swedbank AB lifted its stake in shares of Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock valued at $403,953,000 after buying an additional 554,609 shares in the last quarter. Van ECK Associates Corp increased its holdings in Xylem by 7.3% during the third quarter. Van ECK Associates Corp now owns 6,700 shares of the industrial products company's stock worth $883,000 after buying an additional 458 shares during the last quarter. Impax Asset Management Group plc increased its holdings in Xylem by 1.0% during the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company's stock worth $226,555,000 after buying an additional 15,825 shares during the last quarter. Assetmark Inc. increased its holdings in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after buying an additional 311 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in Xylem by 3.4% during the third quarter. Atria Investments Inc now owns 36,783 shares of the industrial products company's stock worth $4,967,000 after buying an additional 1,216 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

XYL has been the subject of a number of research analyst reports. Robert W. Baird raised their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Citigroup downgraded shares of Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $149.90.

Xylem Price Performance

Shares of XYL stock traded down $0.40 during trading hours on Wednesday, reaching $123.23. The stock had a trading volume of 380,131 shares, compared to its average volume of 1,201,631. The stock's fifty day simple moving average is $124.39 and its 200 day simple moving average is $126.86. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The firm has a market capitalization of $29.95 billion, a PE ratio of 33.65, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business posted $0.99 earnings per share. Xylem's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.30%. Xylem's payout ratio is presently 43.72%.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.