Thompson Investment Management Inc. Has $502,000 Stake in Xylem Inc. (NYSE:XYL)

Thompson Investment Management Inc. lessened its stake in shares of Xylem Inc. (NYSE:XYL) by 6.7% during the first quarter, Holdings Channel reports. The fund owned 4,199 shares of the industrial products company’s stock after selling 300 shares during the quarter. Thompson Investment Management Inc.’s holdings in Xylem were worth $502,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XYL. Smartleaf Asset Management LLC grew its holdings in Xylem by 31.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 139 shares during the period. Triodos Investment Management BV boosted its position in shares of Xylem by 12.7% during the 4th quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company’s stock worth $27,149,000 after purchasing an additional 26,300 shares in the last quarter. Allianz SE acquired a new stake in shares of Xylem in the 4th quarter valued at about $1,910,000. Figure 8 Investment Strategies LLC bought a new stake in Xylem in the 4th quarter valued at about $2,328,000. Finally, RPG Investment Advisory LLC increased its position in Xylem by 22.5% in the 4th quarter. RPG Investment Advisory LLC now owns 132,143 shares of the industrial products company’s stock valued at $15,331,000 after buying an additional 24,297 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the topic of several recent research reports. Stifel Nicolaus increased their price target on Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Raymond James raised Xylem to a “hold” rating in a research report on Thursday, May 15th. Robert W. Baird reduced their price target on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research note on Friday, May 30th. They set an “overweight” rating and a $148.00 price target for the company. Finally, Royal Bank of Canada upped their price objective on shares of Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.71.

Xylem Trading Up 0.7%

Shares of Xylem stock opened at $128.48 on Wednesday. The company has a market capitalization of $31.27 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13. The stock has a fifty day simple moving average of $119.15 and a 200 day simple moving average of $121.73. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $143.50. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 EPS. On average, sell-side analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be paid a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.25%. Xylem’s dividend payout ratio (DPR) is 43.01%.

Xylem 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.