Nuveen Asset Management LLC Has $96.75 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Nuveen Asset Management LLC decreased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 833,895 shares of the industrial products company's stock after selling 29,481 shares during the quarter. Nuveen Asset Management LLC owned about 0.34% of Xylem worth $96,748,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Xylem by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after acquiring an additional 303,854 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Xylem by 2.4% during 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 acquiring an additional 135,492 shares during the period. Impax Asset Management Group plc boosted its holdings 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 valued at $644,039,000 after acquiring an additional 3,883,845 shares during the period. Invesco Ltd. boosted its holdings in shares of Xylem by 9.8% during the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock valued at $465,229,000 after acquiring an additional 359,276 shares during the period. Finally, Swedbank AB lifted its holdings in Xylem by 23.1% in the fourth 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 during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Analysts Set New Price Targets

XYL has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Robert W. Baird reduced their price objective 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. Stifel Nicolaus upped their price objective on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Citigroup reduced their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Raymond James raised shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $146.88.

Xylem Stock Down 0.8%

Shares of XYL traded down $1.06 during trading hours on Tuesday, reaching $126.94. The company's stock had a trading volume of 1,185,539 shares, compared to its average volume of 1,414,542. The company has a 50 day moving average of $117.28 and a two-hundred day moving average of $121.41. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The firm has a market cap of $30.89 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.33 and a beta of 1.10. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The firm's revenue was up 1.8% on a year-over-year basis. As a group, research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. Xylem's dividend payout ratio is currently 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.