PGGM Investments Sells 14,261 Shares of Xylem Inc. (NYSE:XYL)

PGGM Investments lessened its position in Xylem Inc. (NYSE:XYL - Free Report) by 65.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,547 shares of the industrial products company's stock after selling 14,261 shares during the period. PGGM Investments' holdings in Xylem were worth $863,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Patten Group Inc. increased its stake in Xylem by 0.3% during the 4th quarter. Patten Group Inc. now owns 31,112 shares of the industrial products company's stock valued at $3,558,000 after buying an additional 99 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Xylem by 4.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,238 shares of the industrial products company's stock valued at $256,000 after buying an additional 99 shares during the period. Boston Trust Walden Corp increased its stake in Xylem by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 3,418 shares of the industrial products company's stock valued at $391,000 after buying an additional 107 shares during the period. Chesley Taft & Associates LLC increased its stake in Xylem by 0.7% during the 4th quarter. Chesley Taft & Associates LLC now owns 15,275 shares of the industrial products company's stock valued at $1,747,000 after buying an additional 111 shares during the period. Finally, Addison Advisors LLC increased its stake in Xylem by 8.3% during the 4th quarter. Addison Advisors LLC now owns 1,446 shares of the industrial products company's stock valued at $165,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on XYL. Royal Bank of Canada raised their target price on shares of Xylem from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, February 7th. Robert W. Baird lifted their price objective on shares of Xylem from $141.00 to $148.00 and gave the stock an "outperform" rating in a research note on Thursday, March 21st. BNP Paribas assumed coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an "outperform" rating and a $150.00 price objective on the stock. Raymond James raised shares of Xylem from an "underperform" rating to a "market perform" rating in a research note on Thursday, January 4th. Finally, Oppenheimer raised their target price on shares of Xylem from $133.00 to $142.00 and gave the stock an "outperform" rating in a report on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $138.11.

Insider Transactions at Xylem

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

Xylem Stock Down 1.4 %

XYL traded down $1.89 on Tuesday, reaching $130.70. 1,396,338 shares of the company traded hands, compared to its average volume of 1,158,235. The stock's 50 day moving average price is $127.91 and its 200-day moving average price is $114.34. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $133.71. The company has a market cap of $31.68 billion, a price-to-earnings ratio of 48.05, a PEG ratio of 2.64 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30.

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

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. This is a boost from Xylem's previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. Xylem's payout ratio is presently 52.94%.

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.