TT International Asset Management LTD Has $2.37 Million Holdings in Xylem Inc. (NYSE:XYL)

TT International Asset Management LTD lowered its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 22.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,794 shares of the industrial products company's stock after selling 5,859 shares during the period. TT International Asset Management LTD's holdings in Xylem were worth $2,365,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of XYL. Perkins Coie Trust Co acquired a new stake in shares of Xylem in the first quarter valued at approximately $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Xylem during the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC purchased a new stake in shares of Xylem during the 4th quarter worth $31,000. Heck Capital Advisors LLC purchased a new position in Xylem in the fourth quarter valued at about $36,000. Finally, SRS Capital Advisors Inc. raised its holdings in Xylem by 69.5% during the fourth 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. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Stock Up 1.4%

Shares of NYSE XYL traded up $1.80 during mid-day trading on Tuesday, reaching $127.29. 1,123,129 shares of the company traded hands, compared to its average volume of 1,402,395. The stock has a market cap of $30.97 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 2.29 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The company's fifty day moving average is $122.93 and its two-hundred day moving average is $121.68.

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 the consensus estimate of $0.95 by $0.08. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. Xylem's revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. On average, analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio (DPR) is currently 43.01%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. began coverage on Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Raymond James Financial raised Xylem to a "hold" rating in a research note on Thursday, May 15th. Citigroup reduced their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada raised 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 increased 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Xylem presently has an average rating of "Moderate Buy" and an average target price of $143.71.

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.