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

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

A number of other large investors have also made changes to their positions in the stock. Rockland Trust Co. grew its position in shares of Xylem by 2.7% in the first quarter. Rockland Trust Co. now owns 4,176 shares of the industrial products company's stock valued at $499,000 after purchasing an additional 111 shares in the last quarter. Compagnie Lombard Odier SCmA grew its position in shares of Xylem by 447.6% in the first quarter. Compagnie Lombard Odier SCmA now owns 4,282 shares of the industrial products company's stock valued at $512,000 after purchasing an additional 3,500 shares in the last quarter. Union Bancaire Privee UBP SA grew its position in shares of Xylem by 1.4% in the first quarter. Union Bancaire Privee UBP SA now owns 29,527 shares of the industrial products company's stock valued at $3,603,000 after purchasing an additional 407 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Xylem by 3.8% in the first quarter. Fifth Third Bancorp now owns 49,378 shares of the industrial products company's stock valued at $5,899,000 after purchasing an additional 1,829 shares in the last quarter. Finally, Simon Quick Advisors LLC purchased a new stake in shares of Xylem in the first quarter valued at approximately $307,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Trading Down 1.5%

Xylem stock traded down $1.95 during mid-day trading on Friday, hitting $125.35. The company's stock had a trading volume of 851,585 shares, compared to its average volume of 1,400,923. The firm has a market capitalization of $30.50 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $143.50. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock's fifty day moving average is $120.07 and its two-hundred day moving average is $121.75.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly 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. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. The firm's revenue was up 1.8% compared to the same quarter last year. On average, analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, May 29th. Xylem's dividend payout ratio (DPR) is 43.01%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target for the company. Stifel Nicolaus increased their price objective on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Citigroup lowered their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada increased their price objective on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Raymond James upgraded Xylem to a "hold" rating in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $143.71.

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.