Xylem Inc. (NYSE:XYL) Stock Position Increased by Mirova

Mirova boosted its position in shares of Xylem Inc. (NYSE:XYL) by 27.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,983 shares of the industrial products company’s stock after buying an additional 17,918 shares during the quarter. Xylem accounts for approximately 1.7% of Mirova’s investment portfolio, making the stock its 11th largest position. Mirova’s holdings in Xylem were worth $9,744,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Xylem in the 3rd quarter worth approximately $2,492,000. Tidal Investments LLC boosted its holdings in Xylem by 1.7% during the third quarter. Tidal Investments LLC now owns 47,642 shares of the industrial products company’s stock worth $6,433,000 after buying an additional 783 shares in the last quarter. Asset Advisors Investment Management LLC grew its position in Xylem by 11.7% in the third quarter. Asset Advisors Investment Management LLC now owns 18,455 shares of the industrial products company’s stock worth $2,492,000 after buying an additional 1,937 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Xylem by 2.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company’s stock valued at $219,262,000 after acquiring an additional 36,102 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Xylem in the 3rd quarter worth $2,092,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on XYL shares. Robert W. Baird increased their price target on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their price objective on shares of Xylem from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Citigroup reduced their price objective on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and a consensus target price of $147.33.

Xylem Price Performance

NYSE:XYL opened at $110.53 on Friday. The company has a market capitalization of $26.90 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.33 and a beta of 1.08. The company has a 50-day moving average of $120.60 and a 200-day moving average of $123.16. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (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 prior year, the firm posted $0.99 EPS. Xylem’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued 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 dividend yield of 1.45%. The ex-dividend date was Tuesday, February 18th. 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.