Caisse Des Depots ET Consignations Buys Shares of 407 Xylem Inc. (NYSE:XYL)

Caisse Des Depots ET Consignations purchased a new position in Xylem Inc. (NYSE:XYL) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 407 shares of the industrial products company’s stock, valued at approximately $47,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Impax Asset Management Group plc raised its position in shares of Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock worth $644,039,000 after acquiring an additional 3,883,845 shares in the last quarter. AMF Tjanstepension AB purchased a new position in Xylem in the fourth quarter valued at about $96,658,000. Victory Capital Management Inc. raised its holdings in Xylem by 42.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock worth $269,865,000 after purchasing an additional 698,745 shares in the last quarter. Swedbank AB lifted its position in shares of Xylem by 23.1% during the fourth 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. Finally, Erste Asset Management GmbH bought a new stake in shares of Xylem in the 3rd quarter valued at about $68,593,000. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Down 2.1 %

Shares of XYL opened at $119.42 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a market cap of $29.02 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company’s 50-day moving average price is $125.70 and its 200 day moving average price is $125.91. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08.

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

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is presently 43.72%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on XYL shares. Robert W. Baird lifted their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Citigroup lowered Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Stifel Nicolaus cut 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, January 24th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

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.