Xylem Inc. (NYSE:XYL) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Xylem Inc. (NYSE:XYL) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,804,247 shares of the industrial products company’s stock after buying an additional 135,492 shares during the period. Geode Capital Management LLC owned about 2.39% of Xylem worth $671,623,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Lee Danner & Bass Inc. acquired a new stake in shares of Xylem in the fourth quarter valued at about $30,000. Rialto Wealth Management LLC acquired a new stake in Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Xylem during the fourth quarter valued at approximately $36,000. Pathway Financial Advisers LLC lifted its position in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Xylem by 69.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 130 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on XYL shares. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Stifel Nicolaus cut their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Robert W. Baird raised their price objective on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem Stock Performance

Shares of XYL opened at $110.94 on Friday. The stock has a market capitalization of $26.96 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The business’s fifty day moving average price is $125.38 and its 200 day moving average price is $125.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a 12-month low of $109.97 and a 12-month high of $146.08.

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

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.44%. Xylem’s dividend payout ratio is 43.72%.

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.