Mariner LLC Purchases 6,697 Shares of Xylem Inc. (NYSE:XYL)

Mariner LLC increased its position in Xylem Inc. (NYSE:XYL) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 318,773 shares of the industrial products company’s stock after buying an additional 6,697 shares during the quarter. Mariner LLC’s holdings in Xylem were worth $36,986,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Xylem by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company’s stock worth $3,323,325,000 after acquiring an additional 303,854 shares during the last quarter. Geode Capital Management LLC increased its stake in Xylem by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company’s stock worth $671,623,000 after purchasing an additional 135,492 shares during the period. Impax Asset Management Group plc lifted its position in Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after purchasing an additional 3,883,845 shares during the last quarter. Invesco Ltd. increased its stake in shares of Xylem by 9.8% in the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company’s stock worth $465,229,000 after buying an additional 359,276 shares during the period. Finally, Swedbank AB raised its holdings in Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after buying an additional 691,618 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on XYL shares. Stifel Nicolaus decreased their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Robert W. Baird increased their price objective on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Citigroup reduced their target price on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.44.

Xylem Stock Down 0.5 %

NYSE:XYL opened at $109.11 on Wednesday. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The company has a market capitalization of $26.55 billion, a PE ratio of 29.81, a P/E/G ratio of 2.33 and a beta of 1.08. The firm’s 50-day moving average price is $121.88 and its 200-day moving average price is $123.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.47%. 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 43.72%.

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.