Xylem Inc. (NYSE:XYL) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in Xylem Inc. (NYSE:XYL) by 10,296.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 63,004 shares of the industrial products company’s stock after acquiring an additional 62,398 shares during the quarter. International Assets Investment Management LLC’s holdings in Xylem were worth $7,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Boston Trust Walden Corp boosted its holdings in shares of Xylem by 3.2% in the fourth quarter. Boston Trust Walden Corp now owns 3,418 shares of the industrial products company’s stock valued at $391,000 after acquiring an additional 107 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Xylem by 22.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 185,203 shares of the industrial products company’s stock valued at $21,173,000 after acquiring an additional 33,550 shares during the period. Arizona State Retirement System boosted its holdings in shares of Xylem by 1.4% in the fourth quarter. Arizona State Retirement System now owns 66,189 shares of the industrial products company’s stock valued at $7,569,000 after acquiring an additional 890 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Xylem by 0.3% during the fourth quarter. DAVENPORT & Co LLC now owns 896,063 shares of the industrial products company’s stock worth $102,406,000 after purchasing an additional 2,579 shares during the period. Finally, TIAA Trust National Association acquired a new stake in shares of Xylem during the fourth quarter worth $214,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Down 0.5 %

Shares of XYL stock opened at $128.11 on Monday. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $130.86. The stock has a market cap of $31.05 billion, a P/E ratio of 47.10, a P/E/G ratio of 2.55 and a beta of 1.10. The business has a fifty day simple moving average of $126.36 and a 200-day simple moving average of $111.39. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, analysts forecast that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from Xylem’s previous quarterly dividend of $0.33. Xylem’s dividend payout ratio (DPR) is currently 52.94%.

Analyst Ratings Changes

Several brokerages recently weighed in on XYL. Robert W. Baird increased their price target on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. BNP Paribas began coverage on Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target for the company. Stifel Nicolaus increased their price target on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Citigroup increased their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Royal Bank of Canada increased their price target on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and a consensus price target of $135.44.

Insider Activity

In related news, SVP Franz Cerwinka sold 2,408 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the sale, the senior vice president now owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Franz Cerwinka sold 2,408 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the sale, the senior vice president now owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at approximately $360,682.15. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Xylem 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.