Swiss National Bank Sells 33,400 Shares of Xylem Inc. (NYSE:XYL)

Swiss National Bank decreased its holdings in Xylem Inc. (NYSE:XYL) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 686,192 shares of the industrial products company’s stock after selling 33,400 shares during the quarter. Swiss National Bank owned 0.28% of Xylem worth $79,612,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XYL. Rialto Wealth Management LLC bought a new position in shares of Xylem in the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new stake in Xylem during the fourth quarter worth $36,000. SRS Capital Advisors Inc. raised its position in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after buying an additional 130 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 175 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in 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 acquiring an additional 311 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

XYL has been the topic of a number of recent analyst reports. Citigroup lowered shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their target price 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. Robert W. Baird upped their target price on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

Xylem Price Performance

Xylem stock opened at $122.74 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The business’s 50 day simple moving average is $124.74 and its 200 day simple moving average is $126.69. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The company has a market cap of $29.83 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 2.33 and a beta of 1.08.

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 the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a $0.40 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is 43.72%.

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.