Xylem Inc. (NYSE:XYL) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,549 shares of the industrial products company’s stock after purchasing an additional 536 shares during the period. Fifth Third Bancorp’s holdings in Xylem were worth $5,517,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of XYL. State Street Corp grew its position in shares of Xylem by 1.9% in the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after acquiring an additional 189,820 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Xylem by 1.0% in the third quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock worth $762,804,000 after purchasing an additional 54,877 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Xylem by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock valued at $465,760,000 after purchasing an additional 32,645 shares during the last quarter. Swedbank AB raised its holdings in shares of Xylem by 22.8% during the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares during the period. Finally, Impax Asset Management Group plc lifted its position in shares of Xylem by 1.0% in the 3rd quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock worth $226,555,000 after buying an additional 15,825 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Trading Down 0.0 %

Shares of NYSE:XYL opened at $121.53 on Monday. The company has a 50 day moving average of $120.88 and a 200-day moving average of $128.32. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a market cap 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 Inc. has a twelve month low of $111.72 and a twelve month high of $146.08.

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

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Tuesday, November 26th. Xylem’s payout ratio is currently 42.11%.

Wall Street Analysts Forecast Growth

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

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.