Zurcher Kantonalbank Zurich Cantonalbank Sells 270,986 Shares of Xylem Inc. (NYSE:XYL)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Xylem Inc. (NYSE:XYL) by 44.7% in the 4th 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 SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in Xylem in the 4th quarter valued at $31,000. Heck Capital Advisors LLC bought a new position in Xylem in the 4th quarter valued at $36,000. SRS Capital Advisors Inc. raised its position in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 130 shares during the last quarter. Pathway Financial Advisers LLC raised its position in Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. Finally, Assetmark Inc. raised its position in Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 311 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 1.7 %

Shares of Xylem stock opened at $128.34 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.76 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 business has a fifty day simple moving average of $124.24 and a 200 day simple moving average of $126.95. The stock has a market cap of $31.19 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. Xylem’s payout ratio is presently 43.72%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XYL. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Robert W. Baird lifted their target price on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus lowered their target price on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.90.

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.