Xylem Inc. (NYSE:XYL) Shares Sold by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. lowered its stake in Xylem Inc. (NYSE:XYL) by 79.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,908 shares of the industrial products company’s stock after selling 222,078 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Xylem were worth $6,835,000 at the end of the most recent quarter.

Other institutional investors and 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 during the third quarter valued at approximately $2,492,000. Tidal Investments LLC lifted its holdings in shares of Xylem by 1.7% in the third quarter. Tidal Investments LLC now owns 47,642 shares of the industrial products company’s stock valued at $6,433,000 after buying an additional 783 shares during the period. Asset Advisors Investment Management LLC boosted its stake in Xylem by 11.7% during the third quarter. Asset Advisors Investment Management LLC now owns 18,455 shares of the industrial products company’s stock valued at $2,492,000 after buying an additional 1,937 shares in the last quarter. Franklin Resources Inc. raised its position 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 worth $219,262,000 after acquiring an additional 36,102 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in Xylem in the 3rd quarter valued at about $2,092,000. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup cut their target price on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Robert W. Baird lifted their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus cut their target price on Xylem from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $147.33.

Xylem Stock Performance

XYL stock opened at $108.62 on Tuesday. 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. The stock has a market cap of $26.43 billion, a P/E ratio of 29.68, a P/E/G ratio of 2.33 and a beta of 1.08. The firm has a 50 day simple moving average of $120.17 and a 200 day simple moving average of $122.92.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (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 firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. 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. Shareholders of record on Tuesday, February 18th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.47%. Xylem’s payout ratio is 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.