Vontobel Holding Ltd. Acquires 5,868 Shares of Xylem Inc. (NYSE:XYL)

Vontobel Holding Ltd. lifted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. 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 about 0.29% of Xylem worth $85,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in XYL. Valley National Advisers Inc. increased its position in Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after buying an additional 101 shares during the period. Perkins Coie Trust Co bought a new position in Xylem during the first quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Xylem in the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC acquired a new position in Xylem in the fourth quarter worth approximately $31,000. Finally, Center for Financial Planning Inc. grew its holdings in shares of Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on XYL shares. Citigroup reduced their price target on shares of 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 boosted 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. Stifel Nicolaus increased their price objective on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Finally, Robert W. Baird cut their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Three equities research 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 a consensus price target of $143.71.

Xylem Stock Up 1.3%

Xylem stock traded up $1.74 during mid-day trading on Tuesday, hitting $131.10. 1,479,822 shares of the company's stock were exchanged, compared to its average volume of 1,414,677. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $143.50. The stock has a 50 day moving average of $124.45 and a two-hundred day moving average of $121.78. 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 $31.90 billion, a P/E ratio of 35.24, a P/E/G ratio of 2.34 and a beta of 1.13.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly 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. Xylem had a return on equity of 10.12% and a net margin of 10.54%. 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 company posted $0.90 EPS. The firm's revenue was up 1.8% on a year-over-year basis. As a group, 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. Investors of record on Thursday, May 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. Xylem's payout ratio 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.