Xylem Inc. (NYSE:XYL) Stock Holdings Lifted by Fifth Third Bancorp

Fifth Third Bancorp lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,549 shares of the industrial products company’s stock after acquiring an additional 536 shares during the quarter. Fifth Third Bancorp’s holdings in Xylem were worth $5,517,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XYL. Swedbank AB boosted its position in shares of Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after purchasing an additional 554,609 shares during the period. Erste Asset Management GmbH purchased a new stake in Xylem during the third quarter valued at about $68,593,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Xylem in the third quarter worth about $52,169,000. Champlain Investment Partners LLC increased its position in shares of Xylem by 17.8% in the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock worth $223,851,000 after acquiring an additional 249,975 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after acquiring an additional 189,820 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Down 0.0 %

Xylem stock opened at $121.53 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1-year low of $111.72 and a 1-year high of $146.08. The firm’s fifty day simple moving average is $120.88 and its 200-day simple moving average is $128.32. The company has a market capitalization of $29.53 billion, a P/E ratio of 35.54, a P/E/G ratio of 2.05 and a beta of 1.06.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. Sell-side analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.18%. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on XYL. Royal Bank of Canada lowered their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Citigroup lowered their price target on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a report on Monday, January 13th. TD Cowen reduced their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Robert W. Baird lowered their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus reduced their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.50.

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.