Andra AP fonden Takes $2.98 Million Position in Xylem Inc. (NYSE:XYL)

Andra AP fonden acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 22,000 shares of the industrial products company’s stock, valued at approximately $2,984,000.

A number of other institutional investors also recently modified their holdings of the company. Swedbank AB acquired a new position in Xylem during the 1st quarter worth approximately $311,684,000. Norges Bank acquired a new position in Xylem during the fourth quarter worth $198,207,000. Artisan Partners Limited Partnership bought a new position in Xylem in the fourth quarter valued at $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Xylem by 1,503.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after buying an additional 1,547,043 shares during the last quarter. Finally, Kodai Capital Management LP bought a new stake in Xylem during the 4th quarter worth about $133,945,000. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Up 0.9 %

Xylem stock opened at $131.01 on Friday. The company’s 50-day moving average price is $133.95 and its two-hundred day moving average price is $133.85. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The stock has a market cap of $31.76 billion, a P/E ratio of 46.62, a P/E/G ratio of 2.23 and a beta of 1.04. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. As a group, analysts expect that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, August 29th. Xylem’s dividend payout ratio is currently 51.25%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group started coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. TD Cowen reiterated a “hold” rating and set a $138.00 price objective on shares of Xylem in a research note on Tuesday, September 3rd. Robert W. Baird increased their price objective on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Oppenheimer increased their price target on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.54.

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.