Keybank National Association OH Has $45.68 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Keybank National Association OH boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 0.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 393,724 shares of the industrial products company’s stock after buying an additional 3,676 shares during the period. Keybank National Association OH’s holdings in Xylem were worth $45,680,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Impax Asset Management Group plc boosted its holdings in Xylem by 231.5% during the fourth 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 acquiring an additional 3,883,845 shares during the period. Swedbank AB boosted its holdings in 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 acquiring an additional 691,618 shares during the period. Erste Asset Management GmbH bought a new stake in Xylem during the third quarter valued at about $68,593,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Xylem during the third quarter valued at about $52,169,000. Finally, Champlain Investment Partners LLC boosted its holdings in Xylem by 17.8% during the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock valued at $223,851,000 after acquiring an additional 249,975 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Price Performance

Shares of XYL stock opened at $129.69 on Tuesday. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08. The stock has a market cap of $31.51 billion, a PE ratio of 35.43, a PEG ratio of 2.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The firm’s 50 day moving average price is $123.12 and its two-hundred day moving average price is $127.15.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The company 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% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. As a group, analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. Xylem’s dividend payout ratio is presently 43.72%.

Analyst Ratings Changes

Several research firms recently weighed in on XYL. Stifel Nicolaus reduced their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Robert W. Baird increased their target price on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Citigroup lowered shares of 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 research report on Thursday, December 12th. Finally, TD Cowen dropped their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.90.

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.