Gulf International Bank UK Ltd Sells 4,774 Shares of Xylem Inc. (NYSE:XYL)

Key Points

• Gulf International Bank UK Ltd reduced its position in Xylem Inc. by 25.5%, selling 4,774 shares during the 1st quarter, resulting in a total of 13,960 shares worth approximately $1.67 million.
• Several institutional investors, including S Bank Fund Management Ltd and National Pension Service, have recently adjusted their stakes in Xylem, with National Pension Service increasing its holdings by 18.1% to 356,906 shares valued at $42.64 million.
• Analysts have recently upgraded Xylem's stock ratings, with seven analysts issuing buy ratings and an average price target of $151.57, indicating positive growth expectations.

Gulf International Bank UK Ltd lessened its position in Xylem Inc. (NYSE:XYL - Free Report) by 25.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,960 shares of the industrial products company's stock after selling 4,774 shares during the period. Gulf International Bank UK Ltd's holdings in Xylem were worth $1,667,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. S Bank Fund Management Ltd purchased a new stake in shares of Xylem during the 1st quarter valued at about $4,157,000. National Pension Service boosted its holdings in shares of Xylem by 18.1% during the 1st quarter. National Pension Service now owns 356,906 shares of the industrial products company's stock valued at $42,636,000 after acquiring an additional 54,648 shares during the last quarter. LGT Fund Management Co Ltd. boosted its holdings in shares of Xylem by 19.0% during the 1st quarter. LGT Fund Management Co Ltd. now owns 17,172 shares of the industrial products company's stock valued at $2,051,000 after acquiring an additional 2,742 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in shares of Xylem by 4.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 85,128 shares of the industrial products company's stock valued at $10,169,000 after acquiring an additional 3,929 shares during the last quarter. Finally, Trillium Asset Management LLC boosted its holdings in shares of Xylem by 4.3% during the 1st quarter. Trillium Asset Management LLC now owns 206,741 shares of the industrial products company's stock valued at $24,697,000 after acquiring an additional 8,483 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

XYL has been the topic of a number of recent analyst reports. Raymond James Financial raised shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Stifel Nicolaus raised their price target on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday, August 1st. Royal Bank Of Canada increased their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Robert W. Baird lowered their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $151.57.

Xylem Price Performance

NYSE XYL opened at $141.87 on Friday. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $145.33. The stock has a market cap of $34.53 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 2.49 and a beta of 1.11. The company's 50 day moving average is $132.54 and its two-hundred day moving average is $125.70. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The company had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter last year, the business earned $1.09 EPS. The firm's revenue was up 6.1% compared to the same quarter last year. As a group, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem's payout ratio is 41.56%.

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.

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