Mirova Acquires 17,918 Shares of Xylem Inc. (NYSE:XYL)

Mirova lifted its position in shares of Xylem Inc. (NYSE:XYL) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,983 shares of the industrial products company’s stock after buying an additional 17,918 shares during the period. Xylem comprises about 1.7% of Mirova’s investment portfolio, making the stock its 11th largest holding. Mirova’s holdings in Xylem were worth $9,744,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XYL. Dempze Nancy E grew its position in shares of Xylem by 0.3% in the 4th quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company’s stock valued at $2,989,000 after acquiring an additional 88 shares during the period. Townsquare Capital LLC lifted its position in shares of Xylem by 0.8% in the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company’s stock valued at $1,285,000 after buying an additional 88 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings in shares of Xylem by 4.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock worth $269,000 after acquiring an additional 96 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Xylem by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 96 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its position in Xylem by 1.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company’s stock worth $913,000 after purchasing an additional 98 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

Xylem stock opened at $110.53 on Friday. The business has a 50 day moving average of $120.60 and a 200-day moving average of $123.16. 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 $26.90 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.33 and a beta of 1.08. 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 issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS 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 for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors 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 dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is presently 43.72%.

Analysts Set New Price Targets

A number of research analysts recently commented on XYL shares. Robert W. Baird upped their price target on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their target price on Xylem from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Citigroup dropped their price objective 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 analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and a consensus price target of $147.33.

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.