Canada Pension Plan Investment Board Sells 15,182 Shares of Xylem Inc. (NYSE:XYL)

Canada Pension Plan Investment Board trimmed its position in Xylem Inc. (NYSE:XYL - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 176,631 shares of the industrial products company's stock after selling 15,182 shares during the period. Canada Pension Plan Investment Board owned approximately 0.07% of Xylem worth $20,493,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on XYL shares. Robert W. Baird upped their target price on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Citigroup reduced their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus decreased their price target on shares of Xylem from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $147.33.

Xylem Price Performance

XYL stock traded up $0.42 during mid-day trading on Friday, reaching $116.03. 512,886 shares of the company traded hands, compared to its average volume of 1,396,089. The company has a fifty day moving average price of $119.18 and a 200-day moving average price of $122.65. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $146.08. The company has a market capitalization of $28.24 billion, a P/E ratio of 31.71, a P/E/G ratio of 2.33 and a beta of 1.08. 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 (NYSE:XYL - Get Free Report) last posted its 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 business 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 business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. As a group, analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. This is a boost from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio is 43.72%.

Xylem Company 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.