Xylem Inc. (NYSE:XYL) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its position in Xylem Inc. (NYSE:XYL) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,734 shares of the industrial products company’s stock after selling 202 shares during the period. Gulf International Bank UK Ltd’s holdings in Xylem were worth $2,173,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB lifted its stake in shares of Xylem by 24.6% in the 4th 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 during the period. MML Investors Services LLC increased its holdings in shares of Xylem by 66.9% in the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after purchasing an additional 6,386 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Xylem by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after purchasing an additional 5,817 shares in the last quarter. Swedbank AB increased its holdings in shares of Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after purchasing an additional 691,618 shares in the last quarter. Finally, Groupama Asset Managment increased its holdings in shares of Xylem by 89.6% in the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock valued at $2,206,000 after purchasing an additional 7,723 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on XYL shares. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. TD Cowen cut their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada cut their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. 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, Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Xylem has a consensus rating of “Moderate Buy” and a consensus price target of $149.90.

Xylem Stock Performance

NYSE:XYL opened at $130.91 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 firm has a 50-day moving average price of $122.87 and a two-hundred day moving average price of $127.23. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08. The company has a market capitalization of $31.80 billion, a P/E ratio of 35.77, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS. As a group, research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. 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.