22,694 Shares in Xylem Inc. (NYSE:XYL) Acquired by Avanza Fonder AB

Avanza Fonder AB bought a new position in Xylem Inc. (NYSE:XYL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 22,694 shares of the industrial products company’s stock, valued at approximately $2,633,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Xylem by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock worth $199,930,000 after acquiring an additional 113,571 shares in the last quarter. Wealth Alliance boosted its stake in shares of Xylem by 10.0% during the second quarter. Wealth Alliance now owns 1,855 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 169 shares in the last quarter. Argent Trust Co increased its holdings in Xylem by 108.7% during the second quarter. Argent Trust Co now owns 8,054 shares of the industrial products company’s stock valued at $1,092,000 after buying an additional 4,195 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in Xylem by 12.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,051 shares of the industrial products company’s stock worth $2,815,000 after buying an additional 2,264 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new stake in Xylem during the second quarter worth $697,000. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. TD Cowen cut their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus cut their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Robert W. Baird decreased their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Citigroup dropped their target price on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Xylem has an average rating of “Moderate Buy” and a consensus price target of $152.10.

Xylem Stock Performance

Shares of XYL opened at $119.84 on Friday. The stock has a 50-day moving average of $121.08 and a two-hundred day moving average of $128.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The stock has a market cap of $29.11 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.89 and a beta of 1.06. Xylem Inc. has a one year low of $109.70 and a one year high of $146.08.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Xylem’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts predict that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.20%. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

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.