Keybank National Association OH Sells 201,393 Shares of Xylem Inc. (NYSE:XYL)

Keybank National Association OH lowered its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 51.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 192,331 shares of the industrial products company's stock after selling 201,393 shares during the quarter. Keybank National Association OH owned about 0.08% of Xylem worth $22,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Xylem by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after buying an additional 303,854 shares during the period. Geode Capital Management LLC increased its position in shares of Xylem by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock valued at $671,623,000 after buying an additional 135,492 shares during the period. Royal Bank of Canada increased its position in shares of Xylem by 7.9% during the fourth quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock valued at $506,985,000 after buying an additional 320,500 shares during the period. Invesco Ltd. increased its position in shares of Xylem by 9.8% during the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock valued at $465,229,000 after buying an additional 359,276 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Xylem by 8.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,750,377 shares of the industrial products company's stock worth $435,119,000 after purchasing an additional 301,070 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on XYL shares. Citigroup cut their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus upped their price objective on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Robert W. Baird cut their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Royal Bank Of Canada upped their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Raymond James Financial upgraded shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Xylem currently has a consensus rating of "Moderate Buy" and an average target price of $143.71.

Xylem Stock Up 0.4%

XYL stock traded up $0.57 during midday trading on Friday, hitting $132.28. The company's stock had a trading volume of 713,729 shares, compared to its average volume of 1,415,764. The company has a market cap of $32.19 billion, a PE ratio of 35.56, a P/E/G ratio of 2.41 and a beta of 1.12. Xylem Inc. has a 12 month low of $100.47 and a 12 month 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 firm's 50-day moving average is $125.86 and its 200-day moving average is $122.10.

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, beating analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 earnings per share. On average, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. Xylem's dividend payout ratio (DPR) is 43.01%.

Xylem 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.