Xylem Inc. (NYSE:XYL) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,347,637 shares of the industrial products company's stock after selling 16,618 shares during the quarter. Wells Fargo & Company MN owned approximately 0.56% of Xylem worth $154,116,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas boosted its holdings in shares of Xylem by 2.5% during 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 in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Xylem by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 20,250 shares of the industrial products company's stock valued at $1,843,000 after buying an additional 1,726 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Xylem by 12.3% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,266 shares of the industrial products company's stock worth $479,000 after purchasing an additional 578 shares in the last quarter. Sentry Investment Management LLC boosted its stake in Xylem by 9.2% in the 3rd quarter. Sentry Investment Management LLC now owns 1,386 shares of the industrial products company's stock worth $126,000 after purchasing an additional 117 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in Xylem in the 3rd quarter worth about $38,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of NYSE XYL traded down $0.75 during midday trading on Wednesday, hitting $145.20. 1,305,232 shares of the company's stock traded hands, compared to its average volume of 1,191,559. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $146.08. The stock has a market capitalization of $35.20 billion, a price-to-earnings ratio of 51.83, a price-to-earnings-growth ratio of 2.72 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 firm has a fifty day moving average of $132.44 and a 200 day moving average of $119.87.

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

Xylem Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of Xylem from $151.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, May 3rd. Oppenheimer boosted their target price on Xylem from $142.00 to $147.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. BNP Paribas assumed coverage on Xylem in a research report on Tuesday, March 12th. They issued an "outperform" rating and a $150.00 target price for the company. Citigroup boosted their target price on Xylem from $126.00 to $139.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. Finally, Mizuho boosted their target price on Xylem from $110.00 to $135.00 and gave the stock a "neutral" rating in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $140.70.

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.