Xylem Inc. (NYSE:XYL) Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC lifted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,671 shares of the industrial products company's stock after acquiring an additional 4,801 shares during the period. Voya Investment Management LLC's holdings in Xylem were worth $11,680,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Xylem during the 3rd quarter worth approximately $2,492,000. Tidal Investments LLC grew its stake in shares of Xylem by 1.7% in the 3rd quarter. Tidal Investments LLC now owns 47,642 shares of the industrial products company's stock worth $6,433,000 after buying an additional 783 shares in the last quarter. Asset Advisors Investment Management LLC raised its position in shares of Xylem by 11.7% during the 3rd quarter. Asset Advisors Investment Management LLC now owns 18,455 shares of the industrial products company's stock valued at $2,492,000 after buying an additional 1,937 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Xylem by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company's stock valued at $219,262,000 after acquiring an additional 36,102 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in Xylem during the third quarter worth approximately $2,092,000. Institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

Shares of Xylem stock traded up $3.55 during trading on Friday, hitting $124.30. 1,834,707 shares of the company's stock were exchanged, compared to its average volume of 1,422,047. The stock has a market capitalization of $30.25 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 2.33 and a beta of 1.08. The business has a 50-day simple moving average of $118.10 and a 200-day simple moving average of $122.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. On average, research analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem's payout ratio is presently 43.01%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on XYL. Robert W. Baird dropped their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday. Royal Bank of Canada boosted their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday. Stifel Nicolaus lifted their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Citigroup lowered their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $145.56.

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.