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OVERSEA CHINESE BANKING Corp Ltd Raises Holdings in Xylem Inc. (NYSE:XYL)

Xylem logo with Business Services background

OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 390.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,021,337 shares of the industrial products company's stock after acquiring an additional 813,100 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned 0.42% of Xylem worth $122,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of XYL. Norges Bank bought a new stake in shares of Xylem in the 4th quarter worth approximately $302,734,000. Northern Trust Corp grew its position in shares of Xylem by 42.0% in the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after buying an additional 966,399 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Xylem in the 1st quarter worth approximately $89,828,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Xylem in the 4th quarter worth approximately $83,139,000. Finally, GAMMA Investing LLC grew its position in shares of Xylem by 15,322.5% in the 1st quarter. GAMMA Investing LLC now owns 506,630 shares of the industrial products company's stock worth $60,522,000 after buying an additional 503,345 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Down 0.5%

Shares of NYSE:XYL opened at $130.96 on Monday. The stock has a market capitalization of $31.87 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.38 and a beta of 1.12. The stock has a fifty day simple moving average of $127.00 and a two-hundred day simple moving average of $122.61. 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.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping analysts' consensus estimates 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 company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. On average, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

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

Analyst Upgrades and Downgrades

XYL has been the topic of a number of recent analyst reports. Robert W. Baird cut their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus raised 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. Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. initiated coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price for the company. Finally, Royal Bank Of Canada raised their target price on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Xylem has an average rating of "Moderate Buy" and an average price target of $143.71.

Get Our Latest Analysis on Xylem

Xylem Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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