Fisher Asset Management LLC Acquires 26,365 Shares of Xylem Inc. (NYSE:XYL)

Fisher Asset Management LLC raised its holdings in Xylem Inc. (NYSE:XYL) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 377,821 shares of the industrial products company’s stock after purchasing an additional 26,365 shares during the period. Fisher Asset Management LLC owned approximately 0.16% of Xylem worth $43,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in Xylem by 0.9% in 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 purchasing an additional 645 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Xylem by 3.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 18,603 shares of the industrial products company’s stock valued at $1,693,000 after buying an additional 553 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of 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 period. Mackenzie Financial Corp boosted its position in shares of Xylem by 14.6% during the 3rd quarter. Mackenzie Financial Corp now owns 48,640 shares of the industrial products company’s stock worth $4,384,000 after acquiring an additional 6,208 shares in the last quarter. Finally, Cambridge Trust Co. increased its stake in Xylem by 3.0% in the third quarter. Cambridge Trust Co. now owns 156,815 shares of the industrial products company’s stock valued at $14,275,000 after acquiring an additional 4,621 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on XYL shares. Oppenheimer raised their target price on Xylem from $142.00 to $147.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird lifted their target price on Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday. BNP Paribas initiated coverage on shares of Xylem in a report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 target price for the company. Mizuho lifted their price target on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a report on Friday. Finally, Citigroup increased 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.70.

Xylem Stock Performance

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

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The business’s revenue was up 40.4% on a year-over-year basis. Sell-side analysts forecast that Xylem Inc. will post 4.24 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.36 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. This represents a $1.44 annualized dividend and a yield of 1.05%. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Insider Transactions at Xylem

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

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.