Fisher Asset Management LLC Increases Stake in Xylem Inc. (NYSE:XYL)

Fisher Asset Management LLC increased its holdings in Xylem Inc. (NYSE:XYL) by 7.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 377,821 shares of the industrial products company’s stock after acquiring an additional 26,365 shares during the quarter. Fisher Asset Management LLC’s holdings in Xylem were worth $43,208,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XYL. Commonwealth Equity Services LLC grew its stake in shares of Xylem by 0.9% during the third quarter. Commonwealth Equity Services LLC now owns 69,566 shares of the industrial products company’s stock valued at $6,333,000 after buying an additional 645 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Xylem by 3.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 18,603 shares of the industrial products company’s stock worth $1,693,000 after acquiring an additional 553 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Xylem by 21.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 23,782 shares of the industrial products company’s stock worth $2,165,000 after acquiring an additional 4,157 shares during the last quarter. Mackenzie Financial Corp increased its stake in Xylem by 14.6% in the 3rd quarter. Mackenzie Financial Corp now owns 48,640 shares of the industrial products company’s stock worth $4,384,000 after purchasing an additional 6,208 shares during the period. Finally, Cambridge Trust Co. boosted its stake in shares of Xylem by 3.0% during the third quarter. Cambridge Trust Co. now owns 156,815 shares of the industrial products company’s stock valued at $14,275,000 after purchasing an additional 4,621 shares during the period. 87.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at $360,682.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the sale, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on XYL. BNP Paribas began coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 target price on the stock. Citigroup upped their price objective on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Stifel Nicolaus raised their target price on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Royal Bank of Canada upped their price target on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Robert W. Baird boosted their target price on Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.70.

Xylem Price Performance

Shares of XYL stock opened at $137.21 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The stock has a market cap of $33.26 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 2.69 and a beta of 1.08. The business’s fifty day moving average is $128.64 and its 200 day moving average is $115.36. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $138.46.

Xylem (NYSE:XYL) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the firm earned $0.72 EPS. The company’s revenue was up 40.4% compared to the same quarter last year. Research analysts expect that Xylem Inc. will post 4.24 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were given a $0.36 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, February 20th. Xylem’s payout ratio is currently 51.25%.

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.