Xylem Inc. (NYSE:XYL) Stake Reduced by ING Groep NV

ING Groep NV decreased its holdings in Xylem Inc. (NYSE:XYL) by 70.3% in the 4th quarter, HoldingsChannel reports. The firm owned 31,029 shares of the industrial products company’s stock after selling 73,456 shares during the quarter. ING Groep NV’s holdings in Xylem were worth $3,600,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of XYL. Swedbank AB grew its stake in shares of Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after purchasing an additional 691,618 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Xylem in the third quarter worth $68,593,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Xylem in the third quarter worth $52,169,000. Champlain Investment Partners LLC grew its stake in shares of Xylem by 17.8% in the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock worth $223,851,000 after purchasing an additional 249,975 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Xylem by 1.9% in the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after purchasing an additional 189,820 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XYL. Royal Bank of Canada cut their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen cut their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.90.

Xylem Trading Down 1.9 %

Shares of NYSE XYL opened at $127.32 on Friday. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The company has a market cap of $30.93 billion, a price-to-earnings ratio of 34.79, a P/E/G ratio of 2.33 and a beta of 1.07. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $121.81 and a 200-day simple moving average of $127.19.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. Sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be paid a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem’s dividend payout ratio is currently 43.72%.

Xylem Profile

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.