Xylem Inc. (NYSE:XYL) Shares Acquired by Glenview Trust co

Glenview Trust co increased its holdings in Xylem Inc. (NYSE:XYL) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,857 shares of the industrial products company’s stock after acquiring an additional 175 shares during the quarter. Glenview Trust co’s holdings in Xylem were worth $215,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its stake in Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after buying an additional 189,820 shares in the last quarter. Geode Capital Management LLC raised its stake in Xylem by 1.0% during the third quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock valued at $762,804,000 after buying an additional 54,877 shares in the last quarter. Impax Asset Management Group plc raised its stake in Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after buying an additional 3,883,845 shares in the last quarter. Swedbank AB raised its stake in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after buying an additional 691,618 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Xylem by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock valued at $465,760,000 after buying an additional 32,645 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Stifel Nicolaus cut their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Stock Performance

Shares of NYSE XYL opened at $120.87 on Wednesday. The stock has a fifty day moving average price of $124.97 and a two-hundred day moving average price of $126.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The firm has a market cap of $29.38 billion, a P/E ratio of 33.03, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 1 year low of $113.26 and a 1 year high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating 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 company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is 43.72%.

Xylem Company 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.