Xylem Inc. (NYSE:XYL) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. decreased its position in Xylem Inc. (NYSE:XYL) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,798 shares of the industrial products company’s stock after selling 352 shares during the quarter. Pinebridge Investments L.P.’s holdings in Xylem were worth $905,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Xylem by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company’s stock valued at $3,323,325,000 after purchasing an additional 303,854 shares during the period. Geode Capital Management LLC boosted its position in Xylem by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company’s stock valued at $671,623,000 after purchasing an additional 135,492 shares during the period. Impax Asset Management Group plc boosted its position in Xylem by 231.5% during the 4th 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 purchasing an additional 3,883,845 shares during the period. Invesco Ltd. boosted its position in Xylem by 9.8% during the 4th quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company’s stock valued at $465,229,000 after purchasing an additional 359,276 shares during the period. Finally, Swedbank AB boosted its position in Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after purchasing an additional 691,618 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

Xylem Stock Down 0.2 %

Xylem stock opened at $115.82 on Tuesday. The stock has a market cap of $28.18 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.33 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $118.61 and its two-hundred day moving average price is $122.20. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. On average, analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a $0.40 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 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.