Xylem Inc. (NYSE:XYL) Shares Bought by Covestor Ltd

Covestor Ltd boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 54.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,047 shares of the industrial products company’s stock after purchasing an additional 370 shares during the period. Covestor Ltd’s holdings in Xylem were worth $122,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Nordea Investment Management AB increased its holdings in Xylem by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock worth $3,125,000 after buying an additional 5,286 shares during the period. MML Investors Services LLC increased its stake in shares of Xylem by 66.9% in the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock worth $2,152,000 after acquiring an additional 6,386 shares during the period. Swedbank AB increased its stake in shares of Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after acquiring an additional 691,618 shares during the period. Benson Investment Management Company Inc. purchased a new position in shares of Xylem during the fourth quarter worth $5,094,000. Finally, Franklin Resources Inc. boosted its holdings in Xylem by 2.3% in the third quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company’s stock valued at $219,262,000 after purchasing an additional 36,102 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on XYL shares. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Stifel Nicolaus reduced their price target on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.89.

Xylem Trading Up 1.2 %

Shares of XYL stock opened at $108.94 on Friday. The stock has a 50 day simple moving average of $122.72 and a 200-day simple moving average of $124.02. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The company has a market cap of $26.51 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company 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 business posted $0.99 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.47%. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s payout ratio is presently 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.