DekaBank Deutsche Girozentrale Has $192.28 Million Position in Xylem Inc. (NYSE:XYL)

DekaBank Deutsche Girozentrale cut its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,628,489 shares of the industrial products company's stock after selling 27,880 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.67% of Xylem worth $192,278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC purchased a new position in Xylem in the 1st quarter worth about $694,000. Smartleaf Asset Management LLC increased its stake in Xylem by 31.9% in the 4th 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 in the last quarter. Triodos Investment Management BV increased its stake in Xylem by 12.7% in the 4th 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 in the last quarter. Farther Finance Advisors LLC increased its stake in Xylem by 30.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after purchasing an additional 419 shares in the last quarter. Finally, Allianz SE purchased a new position in Xylem in the 4th quarter worth about $1,910,000. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Up 0.4%

Shares of Xylem stock traded up $0.52 during trading on Tuesday, hitting $131.52. 1,068,369 shares of the stock traded hands, compared to its average volume of 1,414,001. The stock has a market cap of $32.01 billion, a P/E ratio of 35.35, a PEG ratio of 2.41 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $143.50. The company has a fifty day moving average price of $126.17 and a two-hundred day moving average price of $122.24.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The firm's revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 EPS. Equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.22%. Xylem's dividend payout ratio (DPR) is currently 43.01%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on XYL shares. Royal Bank Of Canada lifted their price target on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Citigroup lowered their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. started coverage on Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 target price on the stock. Stifel Nicolaus lifted their target price on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Robert W. Baird lowered their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $143.71.

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.