King Luther Capital Management Corp Increases Position in Xylem Inc. (NYSE:XYL)

King Luther Capital Management Corp increased its stake in Xylem Inc. (NYSE:XYL) by 1.5% in the 4th quarter, Holdings Channel reports. The fund owned 974,322 shares of the industrial products company’s stock after buying an additional 14,699 shares during the quarter. King Luther Capital Management Corp’s holdings in Xylem were worth $113,041,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Swedbank AB raised its stake in Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after buying an additional 554,609 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Xylem by 7.3% during the third quarter. Van ECK Associates Corp now owns 6,700 shares of the industrial products company’s stock valued at $883,000 after buying an additional 458 shares during the last quarter. Impax Asset Management Group plc grew its holdings in shares of Xylem by 1.0% during the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock valued at $226,555,000 after buying an additional 15,825 shares during the last quarter. Assetmark Inc. boosted its holdings in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in Xylem by 3.4% in the third quarter. Atria Investments Inc now owns 36,783 shares of the industrial products company’s stock worth $4,967,000 after purchasing an additional 1,216 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.90.

Xylem Trading Down 1.7 %

Shares of XYL stock opened at $128.34 on Tuesday. 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 capitalization of $31.19 billion, a P/E ratio of 35.07, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a 50 day moving average price of $124.24 and a 200 day moving average price of $126.95. 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 results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.25%. Xylem’s dividend payout ratio is 43.72%.

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.