Czech National Bank Raises Holdings in Xylem Inc. (NYSE:XYL)

Czech National Bank increased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,800 shares of the industrial products company's stock after buying an additional 3,124 shares during the period. Czech National Bank's holdings in Xylem were worth $6,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new stake in Xylem during the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC purchased a new stake in Xylem during the 4th quarter worth approximately $31,000. Heck Capital Advisors LLC purchased a new stake in Xylem during the 4th quarter worth approximately $36,000. SRS Capital Advisors Inc. increased its stake in Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after buying an additional 130 shares in the last quarter. Finally, Pathway Financial Advisers LLC increased its stake in 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 buying an additional 175 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Stifel Nicolaus boosted their price objective on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Raymond James upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Robert W. Baird dropped their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada upped their price target on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Citigroup dropped their price target on 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 six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $143.71.

Xylem Trading Up 0.3%

Shares of XYL traded up $0.34 during midday trading on Friday, reaching $127.00. The company had a trading volume of 844,326 shares, compared to its average volume of 1,395,543. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $143.50. The stock has a market cap of $30.90 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The firm has a 50 day simple moving average of $118.48 and a 200-day simple moving average of $121.68. 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 (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $0.90 earnings per share. Research analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be given a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.26%. Xylem's payout ratio 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.