Xylem Inc. (NYSE:XYL) Shares Sold by Axa S.A.

AXA S.A. lessened its position in Xylem Inc. (NYSE:XYL - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 544,277 shares of the industrial products company's stock after selling 13,164 shares during the quarter. AXA S.A. owned about 0.22% of Xylem worth $63,147,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new position in shares of Xylem during the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC purchased a new stake in Xylem in the 4th quarter valued at $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Xylem in the 4th quarter worth $36,000. Pathway Financial Advisers LLC raised its holdings in shares of Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after acquiring an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 130 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stifel Nicolaus lifted their target price on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Citigroup dropped their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada raised their target price on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Robert W. Baird dropped their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $146.88.

Xylem Trading Down 1.5 %

NYSE XYL traded down $1.91 during trading hours on Monday, hitting $122.34. 1,368,747 shares of the company's stock were exchanged, compared to its average volume of 1,416,568. The business's 50 day moving average is $117.90 and its 200-day moving average is $121.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08. The firm has a market capitalization of $29.77 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last issued 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 firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. As a group, analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This is an increase from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Tuesday, February 18th. 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.