Xylem Inc. (NYSE:XYL) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lifted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 110.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 50,056 shares of the industrial products company's stock after purchasing an additional 26,297 shares during the period. Kovitz Investment Group Partners LLC's holdings in Xylem were worth $5,807,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Xylem by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock worth $3,323,325,000 after acquiring an additional 303,854 shares in the last quarter. Geode Capital Management LLC grew 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 worth $671,623,000 after purchasing an additional 135,492 shares during the last quarter. Impax Asset Management Group plc lifted its stake in shares of Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after buying an additional 3,883,845 shares during the period. Invesco Ltd. increased its stake in shares of Xylem by 9.8% in the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock worth $465,229,000 after acquiring an additional 359,276 shares during the period. Finally, Swedbank AB boosted its position in Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after purchasing an additional 691,618 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XYL. Royal Bank of Canada raised their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday. Stifel Nicolaus boosted their price target on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday. Robert W. Baird lowered their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, Citigroup reduced their price target on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $145.56.

Xylem Stock Up 3.5 %

Shares of NYSE XYL traded up $4.28 during midday trading on Friday, hitting $125.03. 789,865 shares of the stock traded hands, compared to its average volume of 1,418,029. The company has a market cap of $30.43 billion, a PE ratio of 34.12, a P/E/G ratio of 2.33 and a beta of 1.08. The business has a 50 day moving average price of $118.10 and a two-hundred day moving average price of $122.05. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76.

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. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The firm's revenue was up 1.8% on a year-over-year basis. On average, equities analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio 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.