Mirova US LLC Lowers Position in Xylem Inc. (NYSE:XYL)

Mirova US LLC reduced its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,872,588 shares of the industrial products company's stock after selling 12,029 shares during the period. Xylem comprises approximately 3.2% of Mirova US LLC's holdings, making the stock its 15th biggest position. Mirova US LLC owned 0.78% of Xylem worth $214,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bruce G. Allen Investments LLC acquired a new stake in shares of Xylem during the 4th quarter valued at about $27,000. NBC Securities Inc. bought a new position in shares of Xylem during the 3rd quarter valued at $38,000. KB Financial Partners LLC acquired a new stake in shares of Xylem in the 1st quarter valued at $42,000. Coppell Advisory Solutions LLC bought a new stake in Xylem in the second quarter worth $45,000. Finally, Orion Capital Management LLC bought a new position in Xylem during the third quarter valued at about $48,000. Institutional investors own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Xylem from $136.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Citigroup raised their target price on Xylem from $126.00 to $139.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Robert W. Baird increased their price objective on Xylem from $141.00 to $148.00 and gave the company an "outperform" rating in a research report on Thursday, March 21st. BNP Paribas started coverage on shares of Xylem in a research note on Tuesday, March 12th. They set an "outperform" rating and a $150.00 target price for the company. Finally, Raymond James upgraded shares of Xylem from an "underperform" rating to a "market perform" rating in a research report on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and a consensus target price of $135.44.

Xylem Stock Down 1.4 %

Shares of NYSE XYL traded down $1.78 during mid-day trading on Wednesday, reaching $126.22. 1,437,776 shares of the company's stock were exchanged, compared to its average volume of 1,147,748. The company has a current ratio of 1.76, a quick ratio of 1.30 and a debt-to-equity ratio of 0.22. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $130.86. The business has a fifty day simple moving average of $126.79 and a 200 day simple moving average of $111.91. The firm has a market capitalization of $30.60 billion, a price-to-earnings ratio of 47.07, a PEG ratio of 2.54 and a beta of 1.10.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The business had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.05 billion. During the same period in the previous year, the firm posted $0.92 EPS. The firm's revenue was up 40.6% compared to the same quarter last year. As a group, equities analysts expect that Xylem Inc. will post 4.13 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were paid a $0.36 dividend. This is a boost from Xylem's previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. This represents a $1.44 annualized dividend and a yield of 1.14%. Xylem's payout ratio is presently 52.94%.

Insiders Place Their Bets

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at approximately $360,682.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Franz Cerwinka sold 2,408 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the sale, the senior vice president now directly owns 11,750 shares of the company's stock, valued at $1,431,032.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the sale, the chief accounting officer now directly owns 2,935 shares of the company's stock, valued at approximately $360,682.15. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Xylem Company 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.