Fifth Third Bancorp Buys 1,829 Shares of Xylem Inc. (NYSE:XYL)

Fifth Third Bancorp boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 3.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 49,378 shares of the industrial products company’s stock after purchasing an additional 1,829 shares during the period. Fifth Third Bancorp’s holdings in Xylem were worth $5,899,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in Xylem by 31.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 139 shares during the period. Triodos Investment Management BV boosted its position in Xylem by 12.7% during the fourth quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company’s stock worth $27,149,000 after purchasing an additional 26,300 shares during the period. Allianz SE bought a new position in Xylem during the fourth quarter worth about $1,910,000. Figure 8 Investment Strategies LLC bought a new position in Xylem during the fourth quarter worth about $2,328,000. Finally, RPG Investment Advisory LLC boosted its position in Xylem by 22.5% during the fourth quarter. RPG Investment Advisory LLC now owns 132,143 shares of the industrial products company’s stock worth $15,331,000 after purchasing an additional 24,297 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup cut their target price on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Raymond James raised shares of Xylem to a “hold” rating in a report on Thursday, May 15th. JPMorgan Chase & Co. assumed coverage on shares of Xylem in a report on Friday, May 30th. They issued an “overweight” rating and a $148.00 price target on the stock. Robert W. Baird lowered their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Finally, Stifel Nicolaus increased their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average target price of $143.71.

Xylem Trading Down 1.5%

Shares of XYL opened at $125.35 on Friday. The firm’s 50 day simple moving average is $120.52 and its 200 day simple moving average is $121.76. The company has a market capitalization of $30.50 billion, a P/E ratio of 34.25, a P/E/G ratio of 2.33 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $143.50.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.90 earnings per share. Sell-side analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, May 29th. Xylem’s dividend payout ratio (DPR) is presently 43.01%.

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.