Allianz SE Makes New $1.91 Million Investment in Xylem Inc. (NYSE:XYL)

Allianz SE bought a new position in Xylem Inc. (NYSE:XYL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,423 shares of the industrial products company's stock, valued at approximately $1,910,000.

Several other institutional investors also recently modified their holdings of the business. Impax Asset Management Group plc lifted its position in shares of Xylem by 231.5% during the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after buying an additional 3,883,845 shares during the last quarter. Norges Bank purchased a new position in shares of Xylem in the fourth quarter worth about $302,734,000. AMF Tjanstepension AB bought a new stake in shares of Xylem in the fourth quarter valued at approximately $96,658,000. Victory Capital Management Inc. grew its stake in Xylem by 42.9% in the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock valued at $269,865,000 after buying an additional 698,745 shares in the last quarter. Finally, Swedbank AB raised its holdings in Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after acquiring an additional 691,618 shares during the period. 87.96% of the stock is owned by institutional investors.

Xylem Stock Down 4.8 %

Xylem stock traded down $5.67 on Thursday, hitting $113.38. 1,080,837 shares of the stock traded hands, compared to its average volume of 1,495,979. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The business's fifty day simple moving average is $125.59 and its 200 day simple moving average is $125.65. The firm has a market cap of $27.56 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 1 year low of $111.92 and a 1 year high of $146.08.

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Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results 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. 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 the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a $0.40 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. This is a positive change from Xylem's previous quarterly dividend of $0.36. Xylem's payout ratio is presently 43.72%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XYL. Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus reduced their price objective on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Finally, Robert W. Baird upped their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $149.89.

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.