Robeco Institutional Asset Management B.V. Decreases Stake in Xylem Inc. (NYSE:XYL)

Robeco Institutional Asset Management B.V. lowered its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,050 shares of the industrial products company's stock after selling 3,877 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of Xylem worth $26,048,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Perkins Coie Trust Co bought a new stake in shares of Xylem in the 1st quarter worth about $27,000. Lee Danner & Bass Inc. bought a new position in Xylem in the 4th quarter valued at $30,000. Rialto Wealth Management LLC acquired a new stake in Xylem in the fourth quarter worth about $31,000. Center for Financial Planning Inc. raised its stake in shares of Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after buying an additional 91 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of Xylem in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on XYL shares. Robert W. Baird cut their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Royal Bank Of Canada boosted their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Stifel Nicolaus raised their price objective on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Citigroup decreased their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Xylem currently has a consensus rating of "Moderate Buy" and an average target price of $143.71.

Xylem Price Performance

Shares of NYSE XYL traded up $0.32 during mid-day trading on Monday, hitting $128.55. 986,450 shares of the stock traded hands, compared to its average volume of 1,408,282. The firm has a 50 day simple moving average of $124.04 and a two-hundred day simple moving average of $121.71. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $143.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41. The company has a market cap of $31.28 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 2.34 and a beta of 1.13.

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, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $2.07 billion for 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%. Xylem's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. As a group, equities research analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem's payout ratio is currently 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.