Xylem Inc. (NYSE:XYL) Shares Sold by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. trimmed its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257,232 shares of the industrial products company's stock after selling 7,232 shares during the period. Xylem comprises 1.8% of Quintet Private Bank Europe S.A.'s investment portfolio, making the stock its 19th biggest holding. Quintet Private Bank Europe S.A. owned approximately 0.11% of Xylem worth $30,729,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tallon Kerry Patrick acquired a new stake in Xylem in the fourth quarter valued at $260,000. Empowered Funds LLC grew its holdings in shares of Xylem by 14.0% during the fourth quarter. Empowered Funds LLC now owns 5,558 shares of the industrial products company's stock worth $645,000 after buying an additional 683 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Xylem by 3.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,777 shares of the industrial products company's stock valued at $1,481,000 after buying an additional 444 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Xylem during the fourth quarter valued at approximately $534,000. Finally, Pathway Financial Advisers LLC boosted its position in Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after acquiring an additional 175 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Up 1.6%

Shares of Xylem stock traded up $2.01 during trading on Monday, reaching $127.51. The company had a trading volume of 982,275 shares, compared to its average volume of 1,401,436. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The firm's fifty day moving average is $120.52 and its 200-day moving average is $121.70. The company has a market cap of $31.03 billion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm earned $0.90 EPS. The business's revenue was up 1.8% on a year-over-year basis. On average, analysts anticipate that Xylem Inc. will post 4.65 EPS for the current 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 issued 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 dividend yield of 1.25%. Xylem's dividend payout ratio (DPR) is 43.01%.

Analysts Set New Price Targets

XYL has been the topic of a number of recent analyst reports. Robert W. Baird reduced their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target for the company. Raymond James raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Royal Bank of Canada lifted their price target on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Stifel Nicolaus boosted their target price on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $143.71.

About Xylem

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.