Northern Trust Corp Increases Holdings in Xylem Inc. (NYSE:XYL)

Northern Trust Corp lifted its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 42.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,268,433 shares of the industrial products company's stock after acquiring an additional 966,399 shares during the quarter. Northern Trust Corp owned 1.35% of Xylem worth $379,204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of XYL. Impax Asset Management Group plc boosted its position in 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 purchasing an additional 3,883,845 shares in the last quarter. Norges Bank purchased a new position in shares of Xylem during the 4th quarter valued at approximately $302,734,000. AMF Tjanstepension AB acquired a new stake in Xylem in the 4th quarter valued at $96,658,000. Victory Capital Management Inc. increased its holdings in Xylem by 42.9% in the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock worth $269,865,000 after acquiring an additional 698,745 shares in the last quarter. Finally, Swedbank AB raised its position in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after acquiring an additional 691,618 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Trading Up 2.9 %

Shares of NYSE XYL traded up $3.55 during mid-day trading on Friday, reaching $124.30. 1,834,707 shares of the company's stock were exchanged, compared to its average volume of 1,416,595. The company's 50-day moving average is $118.02 and its 200-day moving average is $121.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The firm has a market capitalization of $30.25 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data 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 net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the business posted $0.90 EPS. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. Xylem's dividend payout ratio is 43.01%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on XYL shares. Stifel Nicolaus lifted their price objective on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday. Royal Bank of Canada increased their price objective on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday. Robert W. Baird decreased their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Citigroup reduced their target price 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. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $145.56.

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.