AMF Tjanstepension AB Makes New Investment in Xylem Inc. (NYSE:XYL)

AMF Tjanstepension AB purchased a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 833,117 shares of the industrial products company's stock, valued at approximately $96,658,000. AMF Tjanstepension AB owned about 0.34% of Xylem as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Nordea Investment Management AB grew its position in shares of Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock valued at $3,125,000 after purchasing an additional 5,286 shares during the last quarter. MML Investors Services LLC grew its holdings in Xylem by 66.9% in the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock valued at $2,152,000 after buying an additional 6,386 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Xylem by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company's stock valued at $181,719,000 after buying an additional 5,817 shares in the last quarter. Swedbank AB increased its position in Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after buying an additional 691,618 shares during the period. Finally, Groupama Asset Managment lifted its holdings in shares of Xylem by 89.6% during the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company's stock worth $2,206,000 after buying an additional 7,723 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

XYL has been the topic of several research reports. Robert W. Baird upped their price target on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Stifel Nicolaus reduced their price target on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $149.90.

Xylem Price Performance

Shares of Xylem stock traded down $0.64 on Wednesday, reaching $122.99. 1,117,979 shares of the stock were exchanged, compared to its average volume of 1,204,466. The firm's 50 day moving average is $124.39 and its 200-day moving average is $126.86. The firm has a market cap of $29.89 billion, a PE ratio of 33.60, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08.

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

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. 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 1.30%. Xylem's payout ratio is presently 43.72%.

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.