Xylem Inc. (NYSE:XYL) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp increased its stake in shares of Xylem Inc. (NYSE:XYL) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,340 shares of the industrial products company’s stock after purchasing an additional 5,411 shares during the quarter. Cibc World Markets Corp’s holdings in Xylem were worth $4,448,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB raised its position in Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock worth $3,125,000 after acquiring an additional 5,286 shares in the last quarter. MML Investors Services LLC raised its position in 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in Xylem by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock worth $181,719,000 after acquiring an additional 5,817 shares in the last quarter. Swedbank AB raised its position in 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 in the last quarter. Finally, Groupama Asset Managment raised its position in Xylem by 89.6% in the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock worth $2,206,000 after acquiring an additional 7,723 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Trading Up 0.4 %

Xylem stock opened at $121.35 on Thursday. The stock has a market cap of $29.49 billion, a PE ratio of 33.16, a P/E/G ratio of 2.33 and a beta of 1.08. The stock has a 50-day moving average price of $125.07 and a 200 day moving average price of $126.33. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The firm 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 firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. Equities research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is presently 43.72%.

Analysts Set New Price Targets

Several research firms have issued reports on XYL. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Robert W. Baird raised their price target on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Stifel Nicolaus dropped 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, Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

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.