Grimes & Company Inc. Purchases Shares of 109,630 Xylem Inc. (NYSE:XYL)

Grimes & Company Inc. purchased a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 109,630 shares of the industrial products company's stock, valued at approximately $13,096,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Impax Asset Management Group plc increased its position in shares of Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after acquiring an additional 3,883,845 shares in the last quarter. Norges Bank acquired a new position in Xylem during the 4th quarter valued at about $302,734,000. Northern Trust Corp increased its holdings in Xylem by 42.0% during the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after purchasing an additional 966,399 shares in the last quarter. AMF Tjanstepension AB purchased a new stake in shares of Xylem in the fourth quarter worth approximately $96,658,000. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Xylem in the first quarter valued at approximately $89,828,000. Institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on XYL shares. Royal Bank Of Canada increased 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. JPMorgan Chase & Co. assumed coverage on shares of Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price objective for the company. Raymond James Financial raised shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus upped their target price on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Robert W. Baird decreased 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $143.71.

Xylem Stock Performance

Shares of NYSE:XYL traded down $0.67 during mid-day trading on Friday, reaching $124.46. The company had a trading volume of 2,013,530 shares, compared to its average volume of 1,568,075. Xylem Inc. has a one year low of $100.47 and a one year high of $143.50. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. The company's 50-day moving average price is $121.95 and its 200-day moving average price is $121.74. The firm has a market cap of $30.29 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 2.28 and a beta of 1.13.

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

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. Xylem's dividend payout ratio is presently 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.