Xylem Inc. (NYSE:XYL) Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its stake in Xylem Inc. (NYSE:XYL - Free Report) by 224.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,503 shares of the industrial products company's stock after acquiring an additional 97,147 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.06% of Xylem worth $16,301,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in XYL. Impax Asset Management Group plc grew its holdings in Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after purchasing an additional 3,883,845 shares during the last quarter. Norges Bank acquired a new position in Xylem during the 4th quarter valued at about $302,734,000. AMF Tjanstepension AB purchased a new stake in Xylem in the fourth quarter valued at about $96,658,000. Victory Capital Management Inc. boosted its holdings in Xylem by 42.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock worth $269,865,000 after acquiring an additional 698,745 shares in the last quarter. Finally, Swedbank AB increased its holdings in shares of Xylem by 23.1% during the fourth 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 in the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Price Performance

Shares of NYSE XYL traded up $2.28 during trading on Thursday, hitting $115.63. The company had a trading volume of 1,819,164 shares, compared to its average volume of 1,398,130. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $119.46 and a two-hundred day simple moving average of $122.78. The firm has a market capitalization of $28.14 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the previous year, the firm posted $0.99 EPS. Xylem's revenue was up 8.6% compared to the same quarter last year. On average, research analysts expect 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 paid a $0.40 dividend. This is an increase from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio is currently 43.72%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XYL. Citigroup lowered their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus decreased their price target on Xylem from $150.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Robert W. Baird increased 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. Three 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 stock has an average rating of "Moderate Buy" and an average price target of $147.33.

Xylem 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.