APG Asset Management N.V. Acquires 138,598 Shares of Xylem Inc. (NYSE:XYL)

APG Asset Management N.V. increased its position in Xylem Inc. (NYSE:XYL - Free Report) by 102.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,740 shares of the industrial products company's stock after buying an additional 138,598 shares during the quarter. APG Asset Management N.V. owned 0.11% of Xylem worth $30,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Impax Asset Management Group plc grew its holdings 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 purchasing 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 4th quarter valued at about $96,658,000. Victory Capital Management Inc. boosted its holdings in Xylem by 42.9% during 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 acquiring an additional 698,745 shares during the period. Finally, Swedbank AB grew 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 acquiring an additional 691,618 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

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Xylem Stock Up 0.0 %

Shares of NYSE XYL traded up $0.05 during mid-day trading on Monday, hitting $109.11. 307,111 shares of the stock traded hands, compared to its average volume of 1,616,398. The company has a market cap of $26.55 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.33 and a beta of 1.08. The stock has a fifty day moving average price of $122.72 and a 200-day moving average price of $123.95. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $146.08. 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 (NYSE:XYL - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm earned $0.99 EPS. The company's revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were paid a $0.40 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.47%. This is an increase from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio is presently 43.72%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Citigroup cut shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their price objective on shares of 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 six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.