Xylem Inc. (NYSE:XYL) Stock Holdings Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in Xylem Inc. (NYSE:XYL) by 21.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,273 shares of the industrial products company’s stock after purchasing an additional 66,997 shares during the quarter. BNP Paribas Financial Markets owned 0.16% of Xylem worth $49,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. AtonRa Partners raised its holdings in shares of Xylem by 2.3% during the fourth quarter. AtonRa Partners now owns 4,001 shares of the industrial products company’s stock valued at $458,000 after acquiring an additional 91 shares during the period. Brown Advisory Inc. raised its holdings in shares of Xylem by 1.1% during the fourth quarter. Brown Advisory Inc. now owns 8,203 shares of the industrial products company’s stock valued at $938,000 after acquiring an additional 92 shares during the period. FFT Wealth Management LLC raised its holdings in shares of Xylem by 4.1% during the fourth quarter. FFT Wealth Management LLC now owns 2,368 shares of the industrial products company’s stock valued at $271,000 after acquiring an additional 93 shares during the period. Patten Group Inc. raised its holdings in shares of Xylem by 0.3% during the fourth quarter. Patten Group Inc. now owns 31,112 shares of the industrial products company’s stock valued at $3,558,000 after acquiring an additional 99 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Xylem by 4.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,238 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 99 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Insider Activity at Xylem

In related news, SVP Rodney Aulick sold 21,800 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the transaction, the senior vice president now directly owns 76,287 shares in the company, valued at approximately $10,604,655.87. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the transaction, the chief accounting officer now directly owns 3,536 shares in the company, valued at approximately $490,195.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Rodney Aulick sold 21,800 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the transaction, the senior vice president now owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Argus boosted their price target on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Royal Bank of Canada upped their price objective on shares of Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. BNP Paribas initiated coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Mizuho upped their price objective on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $142.92.

Xylem Stock Performance

Shares of NYSE XYL traded up $1.55 during trading hours on Friday, hitting $134.26. 1,106,316 shares of the stock were exchanged, compared to its average volume of 1,001,121. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. The company’s 50 day moving average is $138.93 and its 200 day moving average is $127.67. The firm has a market capitalization of $32.55 billion, a P/E ratio of 47.78, a P/E/G ratio of 2.35 and a beta of 1.04. Xylem Inc. has a one year low of $87.59 and a one year high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. Xylem’s quarterly revenue was up 40.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. On average, research analysts expect that Xylem Inc. will post 4.24 EPS for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, May 30th. Xylem’s dividend payout ratio is currently 51.25%.

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.