Montanaro Asset Management Ltd Sells 35,000 Shares of Xylem Inc. (NYSE:XYL)

Montanaro Asset Management Ltd lessened its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 23.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 114,000 shares of the industrial products company's stock after selling 35,000 shares during the period. Xylem accounts for about 2.5% of Montanaro Asset Management Ltd's portfolio, making the stock its 20th largest position. Montanaro Asset Management Ltd's holdings in Xylem were worth $13,037,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas grew its stake in shares of Xylem by 2.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 18,543 shares of the industrial products company's stock valued at $1,688,000 after buying an additional 447 shares during the period. Daiwa Securities Group Inc. increased its holdings in Xylem by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 20,250 shares of the industrial products company's stock worth $1,843,000 after purchasing an additional 1,726 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Xylem by 0.7% in the third quarter. Nisa Investment Advisors LLC now owns 63,061 shares of the industrial products company's stock valued at $5,740,000 after purchasing an additional 428 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Xylem by 12.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,266 shares of the industrial products company's stock valued at $479,000 after buying an additional 578 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Xylem by 1.3% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 234,927 shares of the industrial products company's stock worth $21,385,000 after buying an additional 2,901 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on XYL shares. Royal Bank of Canada upped their target price on shares of Xylem from $157.00 to $162.00 and gave the stock an "outperform" rating in a research note on Friday, May 3rd. Oppenheimer increased their price target on Xylem from $142.00 to $147.00 and gave the stock an "outperform" rating in a research note on Friday, May 3rd. Citigroup boosted their price objective on Xylem from $126.00 to $139.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. 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 target price for the company. Finally, Stifel Nicolaus boosted their price target on shares of Xylem from $136.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and an average target price of $140.70.

Xylem Trading Up 0.1 %

XYL stock traded up $0.18 on Tuesday, reaching $145.95. The company's stock had a trading volume of 957,301 shares, compared to its average volume of 1,190,387. 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 business has a fifty day simple moving average of $132.09 and a two-hundred day simple moving average of $119.52. The firm has a market cap of $35.39 billion, a PE ratio of 51.81, a PEG ratio of 2.67 and a beta of 1.08. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08.

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 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 firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2 billion. During the same period last year, the company posted $0.72 EPS. The company's quarterly revenue was up 40.4% compared to the same quarter last year. As a group, research analysts forecast that Xylem Inc. will post 4.24 EPS for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, May 30th. Xylem's payout ratio is presently 51.25%.

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.

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