Bank Julius Baer & Co. Ltd Zurich Buys 254,074 Shares of Xylem Inc. (NYSE:XYL)

Bank Julius Baer & Co. Ltd Zurich boosted its stake in Xylem Inc. (NYSE:XYL) by 139.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 436,415 shares of the industrial products company’s stock after buying an additional 254,074 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Xylem were worth $53,991,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp grew its position in shares of Xylem by 1.9% in 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 purchasing an additional 189,820 shares during the last quarter. Geode Capital Management LLC boosted its stake in Xylem by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock valued at $762,804,000 after purchasing an additional 54,877 shares during the period. Impax Asset Management Group plc grew its holdings in 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 valued at $644,039,000 after buying an additional 3,883,845 shares in the last quarter. Swedbank AB increased its position in Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after buying an additional 691,618 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 worth $465,760,000 after buying an additional 32,645 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on XYL shares. Stifel Nicolaus decreased their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Robert W. Baird increased their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Xylem has an average rating of “Moderate Buy” and a consensus price target of $149.90.

Xylem Stock Up 1.4 %

Shares of XYL opened at $130.79 on Friday. The firm has a 50 day simple moving average of $123.73 and a two-hundred day simple moving average of $127.13. 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 Inc. has a one year low of $113.26 and a one year high of $146.08. The company has a market cap of $31.78 billion, a P/E ratio of 35.74, a P/E/G ratio of 2.33 and a beta of 1.07.

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

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is 43.72%.

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.