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

Mirova US LLC decreased its holdings in Xylem Inc. (NYSE:XYL) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,841,615 shares of the industrial products company’s stock after selling 54,551 shares during the period. Xylem accounts for about 2.6% of Mirova US LLC’s investment portfolio, making the stock its 16th biggest holding. Mirova US LLC’s holdings in Xylem were worth $213,664,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

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

Xylem Price Performance

Shares of NYSE XYL opened at $123.09 on Tuesday. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The stock has a market cap of $29.92 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 2.33 and a beta of 1.08. The company’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 released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS. As a group, research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. 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 1.30%. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem’s dividend payout ratio is presently 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.