Mirova US LLC Trims Stock Position in Xylem Inc. (NYSE:XYL)

Mirova US LLC lessened its holdings in shares of Xylem Inc. (NYSE:XYL) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,841,615 shares of the industrial products company’s stock after selling 54,551 shares during the period. Xylem makes up 2.6% of Mirova US LLC’s holdings, making the stock its 16th biggest position. Mirova US LLC owned approximately 0.76% of Xylem worth $213,664,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in XYL. Swedbank AB raised its holdings in shares of Xylem by 22.8% during the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares during the last quarter. Assetmark Inc. grew its position in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after buying an additional 311 shares during the period. Apollon Wealth Management LLC grew its position in Xylem by 7.0% during the third quarter. Apollon Wealth Management LLC now owns 1,878 shares of the industrial products company’s stock valued at $254,000 after buying an additional 123 shares during the period. Prime Capital Investment Advisors LLC grew its position in Xylem by 16.4% during the third quarter. Prime Capital Investment Advisors LLC now owns 2,013 shares of the industrial products company’s stock valued at $272,000 after buying an additional 284 shares during the period. Finally, CIBC Asset Management Inc grew its position in Xylem by 8.5% during the third quarter. CIBC Asset Management Inc now owns 35,420 shares of the industrial products company’s stock valued at $4,783,000 after buying an additional 2,771 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

XYL opened at $123.09 on Tuesday. The firm has a market capitalization of $29.92 billion, a PE ratio of 33.63, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08. The firm’s 50-day moving average price is $124.86 and its 200 day moving average price is $126.48. 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 results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. As a group, sell-side 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 will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is 43.72%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XYL. Robert W. Baird raised their price target on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Citigroup lowered shares of 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. Finally, Stifel Nicolaus dropped their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.