Mn Services Vermogensbeheer B.V. Has $10.42 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Mn Services Vermogensbeheer B.V. decreased its holdings in Xylem Inc. (NYSE:XYL) by 7.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,235 shares of the industrial products company’s stock after selling 6,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Xylem were worth $10,421,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in XYL. Impax Asset Management Group plc raised its stake 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 valued at $644,039,000 after buying an additional 3,883,845 shares in the last quarter. Norges Bank acquired a new position in shares of Xylem in the 4th quarter valued at $302,734,000. Northern Trust Corp raised its stake in shares of Xylem by 42.0% in the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company’s stock valued at $379,204,000 after buying an additional 966,399 shares in the last quarter. AMF Tjanstepension AB acquired a new stake in shares of Xylem during the 4th quarter worth about $96,658,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Xylem during the 1st quarter worth about $89,828,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on XYL shares. Citigroup dropped their target price on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Robert W. Baird dropped their target price 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. Raymond James upgraded shares of Xylem to a “hold” rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. started coverage on shares of Xylem in a research report on Friday, May 30th. They set an “overweight” rating and a $148.00 target price for the company. Finally, Stifel Nicolaus increased their target price on shares of Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.71.

Xylem Trading Up 1.6%

XYL opened at $127.51 on Tuesday. 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 stock has a market capitalization of $31.03 billion, a PE ratio of 34.84, a PEG ratio of 2.33 and a beta of 1.13. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $143.50. The firm has a 50-day moving average price of $121.01 and a two-hundred day moving average price of $121.71.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 EPS. As a group, equities analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

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