Bank Julius Baer & Co. Ltd Zurich Sells 23,656 Shares of Xylem Inc. (NYSE:XYL)

Bank Julius Baer & Co. Ltd Zurich reduced its stake in Xylem Inc. (NYSE:XYL) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,505 shares of the industrial products company’s stock after selling 23,656 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.05% of Xylem worth $14,925,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of XYL. Bruce G. Allen Investments LLC bought a new stake in shares of Xylem during the 4th quarter valued at $27,000. NBC Securities Inc. bought a new stake in Xylem in the 3rd quarter valued at $38,000. Orion Capital Management LLC bought a new stake in Xylem in the 3rd quarter valued at $48,000. Gradient Investments LLC grew its stake in shares of Xylem by 28.6% in the 4th quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock worth $66,000 after buying an additional 128 shares in the last quarter. Finally, WASHINGTON TRUST Co grew its stake in shares of Xylem by 34.9% in the 4th quarter. WASHINGTON TRUST Co now owns 619 shares of the industrial products company’s stock worth $71,000 after buying an additional 160 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Stock Up 1.4 %

Shares of NYSE XYL traded up $1.79 during trading hours on Friday, hitting $132.40. 1,112,256 shares of the stock were exchanged, compared to its average volume of 1,153,811. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $132.65. The company has a market cap of $32.09 billion, a PE ratio of 48.68, a PEG ratio of 2.60 and a beta of 1.10. The firm has a fifty day moving average price of $127.73 and a 200-day moving average price of $113.75.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business posted $0.92 EPS. Xylem’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, sell-side analysts expect that Xylem Inc. will post 4.13 EPS for the current year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were issued a $0.36 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Tuesday, February 20th. Xylem’s dividend payout ratio is 52.94%.

Wall Street Analyst Weigh In

A number of brokerages have commented on XYL. Stifel Nicolaus lifted their price objective on shares of Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Royal Bank of Canada boosted their price objective on shares of Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Robert W. Baird boosted their price objective on shares of Xylem from $141.00 to $148.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Citigroup boosted their price objective on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, BNP Paribas initiated coverage on shares of Xylem in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $138.11.

Insider Activity

In other news, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the sale, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the transaction, the senior vice president now owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

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.