Victory Capital Management Inc. Buys 16,713 Shares of Xylem Inc. (NYSE:XYL)

Victory Capital Management Inc. boosted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,527,487 shares of the industrial products company's stock after purchasing an additional 16,713 shares during the quarter. Victory Capital Management Inc. owned about 1.05% of Xylem worth $289,043,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Invesco Ltd. increased its position in shares of Xylem by 35.1% during the third quarter. Invesco Ltd. now owns 4,182,821 shares of the industrial products company's stock worth $380,762,000 after acquiring an additional 1,086,102 shares in the last quarter. American Century Companies Inc. increased its holdings in Xylem by 66.8% during the 3rd quarter. American Century Companies Inc. now owns 2,159,710 shares of the industrial products company's stock worth $196,598,000 after purchasing an additional 864,711 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of Xylem in the third quarter worth approximately $68,283,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Xylem in the fourth quarter valued at approximately $74,297,000. Finally, Morgan Stanley boosted its position in shares of Xylem by 11.5% during the third quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company's stock valued at $412,267,000 after buying an additional 466,911 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Stock Performance

Shares of XYL stock traded up $0.26 during trading on Wednesday, reaching $130.96. 1,773,664 shares of the company's stock traded hands, compared to its average volume of 1,165,573. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $133.71. The company has a market capitalization of $31.74 billion, a P/E ratio of 48.35, a PEG ratio of 2.64 and a beta of 1.10. The company has a current ratio of 1.76, a quick ratio of 1.30 and a debt-to-equity ratio of 0.22. The firm's 50-day moving average is $128.04 and its 200 day moving average is $114.63.

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

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Tuesday, February 20th. This is a positive change from Xylem's previous quarterly dividend of $0.33. Xylem's payout ratio is presently 52.94%.

Insider Transactions at Xylem

In other news, SVP Franz Cerwinka sold 2,408 shares of the business'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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 2,935 shares of the company's stock, valued at approximately $360,682.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Franz Cerwinka sold 2,408 shares of the company's stock in a transaction on Thursday, February 8th. The stock was 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 owns 11,750 shares of the company's stock, valued at $1,431,032.50. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on XYL shares. Stifel Nicolaus upped their target price on shares of Xylem from $136.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Oppenheimer upped their target price on Xylem from $133.00 to $142.00 and gave the company an "outperform" rating in a report on Thursday, April 18th. Citigroup lifted their price target on Xylem from $126.00 to $139.00 and gave the stock a "neutral" rating in a report on Monday, April 8th. BNP Paribas assumed coverage on Xylem in a research note on Tuesday, March 12th. They issued an "outperform" rating and a $150.00 price objective for the company. Finally, Raymond James upgraded Xylem from an "underperform" rating to a "market perform" rating in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $138.11.

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.