Xylem Inc. (NYSE:XYL) Position Boosted by Metis Global Partners LLC

Metis Global Partners LLC grew its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,864 shares of the industrial products company's stock after purchasing an additional 6,434 shares during the period. Metis Global Partners LLC's holdings in Xylem were worth $4,216,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of Xylem by 11.5% in the 3rd quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company's stock valued at $412,267,000 after acquiring an additional 466,911 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Xylem by 35.1% in the 3rd quarter. Invesco Ltd. now owns 4,182,821 shares of the industrial products company's stock valued at $380,762,000 after acquiring an additional 1,086,102 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Xylem by 10.6% in the 3rd quarter. Royal Bank of Canada now owns 3,408,200 shares of the industrial products company's stock valued at $310,249,000 after acquiring an additional 327,383 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Xylem by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 3,066,639 shares of the industrial products company's stock valued at $350,701,000 after acquiring an additional 69,619 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Xylem by 4.0% in the 3rd quarter. Northern Trust Corp now owns 2,617,441 shares of the industrial products company's stock valued at $238,266,000 after acquiring an additional 100,728 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XYL. BNP Paribas began coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an "outperform" rating and a $150.00 price objective for the company. Mizuho lifted their price target on shares of Xylem from $110.00 to $135.00 and gave the company a "neutral" rating in a research note on Friday. Oppenheimer lifted their price target on shares of Xylem from $142.00 to $147.00 and gave the company an "outperform" rating in a research note on Friday. Citigroup lifted their price objective on shares of Xylem from $126.00 to $139.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Finally, Robert W. Baird lifted their price objective on shares of Xylem from $151.00 to $155.00 and gave the company an "outperform" rating in a report on Friday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $140.70.

Insider Transactions at Xylem

In related 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 $1,431,032.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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.

Xylem Stock Up 1.5 %

NYSE XYL traded up $2.00 on Monday, hitting $139.21. The stock had a trading volume of 953,468 shares, compared to its average volume of 1,184,650. The business's fifty day moving average price is $128.64 and its 200 day moving average price is $115.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $139.21. The stock has a market cap of $33.75 billion, a price-to-earnings ratio of 48.83, a price-to-earnings-growth ratio of 2.67 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The business's revenue for the quarter was up 40.4% compared to the same quarter last year. Equities research analysts anticipate that Xylem Inc. will post 4.24 earnings per share for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.36 per share. This is an increase from Xylem's previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, February 20th. Xylem's payout ratio is presently 51.25%.

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.