Vontobel Holding Ltd. Grows Stock Holdings in Xylem Inc. (NYSE:XYL)

Vontobel Holding Ltd. grew its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 713,131 shares of the industrial products company's stock after purchasing an additional 5,868 shares during the quarter. Vontobel Holding Ltd. owned 0.29% of Xylem worth $85,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in XYL. Vanguard Group Inc. boosted its position in Xylem by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after buying an additional 303,854 shares during the period. Geode Capital Management LLC boosted its holdings in Xylem by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock valued at $671,623,000 after purchasing an additional 135,492 shares during the period. Royal Bank of Canada grew its stake in Xylem by 7.9% during the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock worth $506,985,000 after purchasing an additional 320,500 shares in the last quarter. Invesco Ltd. increased its holdings in Xylem by 9.8% during the 4th quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock worth $465,229,000 after purchasing an additional 359,276 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Xylem by 8.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,750,377 shares of the industrial products company's stock valued at $435,119,000 after purchasing an additional 301,070 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of analyst reports. 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. Robert W. Baird lowered their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Royal Bank Of Canada increased their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.71.

Xylem Stock Up 0.4%

Shares of NYSE XYL traded up $0.57 during mid-day trading on Friday, reaching $132.28. The company had a trading volume of 713,729 shares, compared to its average volume of 1,414,526. The firm has a 50 day simple moving average of $125.86 and a two-hundred day simple moving average of $122.07. Xylem Inc. has a 52-week low of $100.47 and a 52-week 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. The stock has a market cap of $32.19 billion, a P/E ratio of 35.56, a PEG ratio of 2.41 and a beta of 1.12.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Xylem's revenue for the quarter was up 1.8% on a year-over-year basis. Sell-side analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. Xylem's dividend payout ratio (DPR) is presently 43.01%.

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.