Dimensional Fund Advisors LP Acquires 256,778 Shares of Xylem Inc. (NYSE:XYL)

Dimensional Fund Advisors LP lifted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,346,063 shares of the industrial products company's stock after purchasing an additional 256,778 shares during the quarter. Dimensional Fund Advisors LP owned about 0.56% of Xylem worth $153,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XYL. QRG Capital Management Inc. increased its holdings in Xylem by 7.6% in the 4th quarter. QRG Capital Management Inc. now owns 17,578 shares of the industrial products company's stock valued at $2,010,000 after purchasing an additional 1,234 shares during the last quarter. AGF Management Ltd. raised its holdings in shares of Xylem by 65.8% in the 4th quarter. AGF Management Ltd. now owns 237,436 shares of the industrial products company's stock valued at $27,153,000 after buying an additional 94,218 shares during the period. First City Capital Management Inc. acquired a new position in Xylem during the 4th quarter worth about $237,000. Reynders McVeigh Capital Management LLC lifted its stake in Xylem by 6.3% during the 4th quarter. Reynders McVeigh Capital Management LLC now owns 334,108 shares of the industrial products company's stock worth $38,209,000 after acquiring an additional 19,714 shares in the last quarter. Finally, Advantage Trust Co purchased a new position in Xylem during the 4th quarter valued at about $57,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the sale, the chief accounting officer now directly owns 2,935 shares of the company's stock, valued at approximately $360,682.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on XYL. Stifel Nicolaus increased their price target on shares of Xylem from $136.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Oppenheimer raised their price target on shares of Xylem from $142.00 to $147.00 and gave the company an "outperform" rating in a research report on Friday, May 3rd. Citigroup boosted their price target on shares of Xylem from $126.00 to $139.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Robert W. Baird increased their price objective on Xylem from $151.00 to $155.00 and gave the company an "outperform" rating in a research note on Friday, May 3rd. Finally, Mizuho boosted their target price on Xylem from $110.00 to $135.00 and gave the stock a "neutral" rating in a research note on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.70.

Xylem Stock Up 0.4 %

XYL stock traded up $0.64 during midday trading on Friday, reaching $143.32. 2,306,301 shares of the company were exchanged, compared to its average volume of 1,303,772. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $144.03. The company has a market cap of $34.75 billion, a price-to-earnings ratio of 51.00, a price-to-earnings-growth ratio of 2.66 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. The stock's 50-day simple moving average is $131.70 and its 200 day simple moving average is $118.99.

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

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.