Victory Capital Management Inc. Grows Stock Holdings in Xylem Inc. (NYSE:XYL)

Victory Capital Management Inc. raised its position in shares of Xylem Inc. (NYSE:XYL) by 42.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,326,024 shares of the industrial products company’s stock after purchasing an additional 698,745 shares during the period. Victory Capital Management Inc. owned approximately 0.96% of Xylem worth $269,865,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Keybank National Association OH raised its position in Xylem by 0.9% during the fourth quarter. Keybank National Association OH now owns 393,724 shares of the industrial products company’s stock valued at $45,680,000 after purchasing an additional 3,676 shares in the last quarter. Exencial Wealth Advisors LLC purchased a new position in shares of Xylem in the fourth quarter worth about $9,897,000. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Xylem by 3.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 89,956 shares of the industrial products company’s stock worth $10,437,000 after buying an additional 3,322 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Xylem by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,388,111 shares of the industrial products company’s stock worth $161,049,000 after buying an additional 42,343 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Xylem by 13.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 19,709 shares of the industrial products company’s stock worth $2,287,000 after buying an additional 2,298 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Xylem stock opened at $126.72 on Wednesday. The stock’s 50 day simple moving average is $123.29 and its two-hundred day simple moving average is $127.10. 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 stock has a market cap of $30.79 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 2.33 and a beta of 1.07. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 EPS. As a group, analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.26%. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. Xylem’s payout ratio is presently 43.72%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Stifel Nicolaus decreased their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Robert W. Baird lifted their price objective on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, TD Cowen cut their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and an average 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.