Caisse Des Depots ET Consignations Takes $47,000 Position in Xylem Inc. (NYSE:XYL)

Caisse Des Depots ET Consignations acquired a new position in Xylem Inc. (NYSE:XYL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 407 shares of the industrial products company’s stock, valued at approximately $47,000.

A number of other hedge funds also recently bought and sold shares of XYL. Impax Asset Management Group plc increased its position in shares of Xylem by 231.5% during the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after purchasing an additional 3,883,845 shares during the last quarter. AMF Tjanstepension AB bought a new stake in shares of Xylem during the 4th quarter valued at $96,658,000. Victory Capital Management Inc. increased its position in Xylem by 42.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock worth $269,865,000 after buying an additional 698,745 shares in the last quarter. Swedbank AB increased its holdings in Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after acquiring an additional 691,618 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in shares of Xylem in the third quarter worth $68,593,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of NYSE:XYL opened at $119.42 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. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The company has a market capitalization of $29.02 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.33 and a beta of 1.08. The firm’s 50-day moving average is $125.70 and its 200 day moving average is $125.91.

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

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a $0.40 dividend. The ex-dividend date was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. Xylem’s dividend payout ratio is presently 43.72%.

Wall Street Analyst Weigh In

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