Erste Asset Management GmbH Has $54.24 Million Stock Position in Xylem Inc. (NYSE:XYL)

Erste Asset Management GmbH reduced its stake in shares of Xylem Inc. (NYSE:XYL) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 460,932 shares of the industrial products company’s stock after selling 49,246 shares during the quarter. Erste Asset Management GmbH’s holdings in Xylem were worth $54,244,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Swedbank AB lifted its position in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after buying an additional 554,609 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Xylem by 1.0% during the 3rd quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock worth $226,555,000 after buying an additional 15,825 shares during the last quarter. Assetmark Inc. lifted its position in shares of Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after buying an additional 311 shares during the last quarter. Atria Investments Inc lifted its position in shares of Xylem by 3.4% during the 3rd quarter. Atria Investments Inc now owns 36,783 shares of the industrial products company’s stock worth $4,967,000 after buying an additional 1,216 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Xylem by 19.6% during the 3rd quarter. Covestor Ltd now owns 677 shares of the industrial products company’s stock worth $91,000 after buying an additional 111 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on XYL shares. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus dropped their target price 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 increased their target price on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $149.89.

Xylem Trading Down 0.5 %

Shares of XYL stock opened at $122.99 on Thursday. The stock has a market cap of $29.89 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 2.33 and a beta of 1.08. The stock has a 50-day moving average of $124.53 and a 200-day moving average of $126.83. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 earnings per share. On average, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid a $0.40 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. Xylem’s dividend 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.