Xylem Inc. (NYSE:XYL) Stock Holdings Increased by Flputnam Investment Management Co.

Flputnam Investment Management Co. raised its holdings in shares of Xylem Inc. (NYSE:XYL) by 9.3% during the 4th quarter, Holdings Channel reports. The fund owned 6,432 shares of the industrial products company’s stock after purchasing an additional 549 shares during the period. Flputnam Investment Management Co.’s holdings in Xylem were worth $736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Xylem by 5.0% during the 1st quarter. BlackRock Inc. now owns 21,219,246 shares of the industrial products company’s stock valued at $2,221,655,000 after purchasing an additional 1,011,317 shares during the period. Vanguard Group Inc. increased its position in shares of Xylem by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock valued at $1,738,529,000 after purchasing an additional 1,435,798 shares during the period. State Street Corp increased its position in shares of Xylem by 1.6% during the 1st quarter. State Street Corp now owns 7,692,045 shares of the industrial products company’s stock valued at $805,357,000 after purchasing an additional 121,367 shares during the period. Morgan Stanley increased its position in shares of Xylem by 11.5% during the 3rd quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company’s stock valued at $412,267,000 after purchasing an additional 466,911 shares during the period. Finally, Invesco Ltd. grew 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 worth $380,762,000 after acquiring an additional 1,086,102 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Trading Down 1.4 %

XYL stock opened at $126.22 on Thursday. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $130.86. The firm has a market cap of $30.60 billion, a P/E ratio of 46.40, a P/E/G ratio of 2.55 and a beta of 1.10. The business’s 50 day moving average is $126.85 and its 200-day moving average is $112.01. The company has a current ratio of 1.76, a quick ratio of 1.30 and a debt-to-equity ratio of 0.22.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The company’s revenue was up 40.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. Equities analysts anticipate that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were issued a $0.36 dividend. 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 1.14%. The ex-dividend date was Tuesday, February 20th. Xylem’s payout ratio is presently 52.94%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Raymond James upgraded Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. Royal Bank of Canada lifted their price target on Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Citigroup lifted their price target on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Robert W. Baird lifted their price target on Xylem from $141.00 to $148.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Finally, Stifel Nicolaus lifted their price target on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average target price of $135.44.

Insider Transactions at Xylem

In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was 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 approximately $1,431,032.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now owns 2,935 shares in the company, valued at approximately $360,682.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction dated 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 sale, 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. 0.27% of the stock is owned by company insiders.

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.