Fisher Asset Management LLC Boosts Stock Position in Xylem Inc. (NYSE:XYL)

Fisher Asset Management LLC raised its holdings in Xylem Inc. (NYSE:XYL) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,174 shares of the industrial products company’s stock after buying an additional 27,718 shares during the quarter. Fisher Asset Management LLC owned approximately 0.16% of Xylem worth $43,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XYL. Norges Bank purchased a new stake in Xylem in the 4th quarter valued at about $198,207,000. Artisan Partners Limited Partnership acquired a new position in shares of Xylem in the 4th quarter valued at about $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Xylem by 1,503.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after purchasing an additional 1,547,043 shares in the last quarter. Kodai Capital Management LP acquired a new position in shares of Xylem in the 4th quarter valued at about $133,945,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Xylem by 4,769.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock valued at $106,056,000 after purchasing an additional 908,343 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

Shares of NYSE XYL opened at $139.54 on Tuesday. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $33.83 billion, a price-to-earnings ratio of 49.66, a price-to-earnings-growth ratio of 2.44 and a beta of 1.07. The business has a 50 day simple moving average of $136.66 and a 200-day simple moving average of $124.92.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the business earned $0.72 EPS. The business’s quarterly revenue was up 40.4% on a year-over-year basis. As a group, equities research analysts expect that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.03%. Xylem’s dividend payout ratio (DPR) is 51.25%.

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the transaction, the chief accounting officer now directly owns 3,536 shares in the company, valued at approximately $490,195.68. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Rodney Aulick sold 21,800 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the transaction, the senior vice president now directly owns 76,287 shares in the company, valued at approximately $10,604,655.87. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the transaction, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on XYL. Argus lifted their price objective on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. BNP Paribas assumed coverage on Xylem in a research report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target on the stock. Mizuho boosted their price target on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Citigroup boosted their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, TD Cowen boosted their price target on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $142.92.

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.