SFE Investment Counsel Buys 15,199 Shares of Xylem Inc. (NYSE:XYL)

SFE Investment Counsel grew its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 54.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,959 shares of the industrial products company's stock after acquiring an additional 15,199 shares during the period. SFE Investment Counsel's holdings in Xylem were worth $5,132,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XYL. Norges Bank bought a new position in Xylem in the fourth quarter worth approximately $302,734,000. Northern Trust Corp increased its stake in shares of Xylem by 42.0% in the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after purchasing an additional 966,399 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Xylem by 390.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock worth $122,009,000 after purchasing an additional 813,100 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Xylem in the first quarter worth $89,828,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Xylem in the fourth quarter worth $83,139,000. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Raymond James Financial raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Stifel Nicolaus raised their target price on shares of Xylem from $141.00 to $162.00 and gave the company a "buy" rating in a research note on Monday. Robert W. Baird cut their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup reaffirmed a "buy" rating and set a $152.00 target price (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and a consensus price target of $149.29.

Xylem Price Performance

Shares of NYSE:XYL traded down $0.49 on Thursday, reaching $131.28. The company's stock had a trading volume of 716,327 shares, compared to its average volume of 1,144,015. The company has a 50-day simple moving average of $128.31 and a 200 day simple moving average of $123.45. The company has a market cap of $31.95 billion, a P/E ratio of 35.29, a PEG ratio of 2.39 and a beta of 1.12. 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 52-week low of $100.47 and a 52-week high of $143.50.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The business's revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.90 EPS. As a group, equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

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

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.