9,059 Shares in Xylem Inc. (NYSE:XYL) Purchased by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX bought a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,059 shares of the industrial products company's stock, valued at approximately $1,086,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of XYL. Impax Asset Management Group plc grew 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 in the last quarter. Norges Bank purchased a new position in shares of Xylem during the 4th quarter valued at $302,734,000. Northern Trust Corp grew its position in shares of Xylem by 42.0% during the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock valued at $379,204,000 after purchasing an additional 966,399 shares in the last quarter. AMF Tjanstepension AB purchased a new position in shares of Xylem during the 4th quarter valued at $96,658,000. Finally, Victory Capital Management Inc. grew its position in shares of Xylem by 42.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock valued at $269,865,000 after purchasing an additional 698,745 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on XYL. Royal Bank of Canada upped their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Stifel Nicolaus upped their target price on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Robert W. Baird cut their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Raymond James upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Finally, 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. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $146.88.

Xylem Trading Down 0.1%

Shares of NYSE:XYL traded down $0.07 during midday trading on Thursday, hitting $125.58. 887,628 shares of the stock traded hands, compared to its average volume of 1,410,543. The stock has a market capitalization of $30.56 billion, a PE ratio of 34.31, a P/E/G ratio of 2.33 and a beta of 1.10. The business's 50 day moving average is $117.90 and its two-hundred day moving average is $121.55. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a one year low of $100.47 and a one year high of $143.50.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion during 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%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 earnings per share. As a group, research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders 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 1.27%. The ex-dividend date is Thursday, May 29th. Xylem's dividend payout ratio (DPR) is 43.01%.

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.