Mn Services Vermogensbeheer B.V. Trims Stock Position in Xylem Inc. (NYSE:XYL)

Mn Services Vermogensbeheer B.V. lessened its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,235 shares of the industrial products company's stock after selling 6,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Xylem were worth $10,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Perkins Coie Trust Co acquired a new stake in shares of Xylem in the first quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new stake in Xylem in the 4th quarter valued at $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem during the 4th quarter worth approximately $31,000. Heck Capital Advisors LLC purchased a new position in Xylem in the fourth quarter worth approximately $36,000. Finally, SRS Capital Advisors Inc. increased its position in shares of 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 purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XYL. Citigroup lowered their target price on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Raymond James Financial upgraded Xylem to a "hold" rating in a report on Thursday, May 15th. Stifel Nicolaus increased their price target on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Robert W. Baird cut their price target 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. Finally, Royal Bank Of Canada lifted 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $143.71.

Xylem Stock Performance

Shares of XYL stock traded down $0.60 during mid-day trading on Friday, hitting $124.53. The stock had a trading volume of 738,411 shares, compared to its average volume of 1,397,989. The firm has a market cap of $30.30 billion, a PE ratio of 33.49, a PEG ratio of 2.28 and a beta of 1.13. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The company's 50-day simple moving average is $121.95 and its 200-day simple moving average is $121.74. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results 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. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, May 29th. Xylem's dividend payout ratio is currently 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.