DnB Asset Management AS Has $12.24 Million Stake in Xylem Inc. (NYSE:XYL)

DnB Asset Management AS boosted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 17.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,474 shares of the industrial products company's stock after buying an additional 15,728 shares during the period. DnB Asset Management AS's holdings in Xylem were worth $12,237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of XYL. Vanguard Group Inc. boosted its holdings in shares of Xylem by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock worth $3,323,325,000 after purchasing an additional 303,854 shares during the period. State Street Corp lifted its position in Xylem by 1.9% in the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company's stock worth $1,394,792,000 after buying an additional 189,820 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Xylem by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company's stock valued at $762,804,000 after buying an additional 54,877 shares during the period. 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 acquiring an additional 3,883,845 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of Xylem by 23.1% in the fourth 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. 87.96% of the stock is owned by hedge funds and other institutional investors.

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Xylem Stock Performance

Xylem stock traded down $6.43 during mid-day trading on Thursday, reaching $112.62. The company had a trading volume of 938,647 shares, compared to its average volume of 1,494,417. The company has a 50 day moving average of $125.59 and a 200-day moving average of $125.65. Xylem Inc. has a 52 week low of $111.92 and a 52 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 firm has a market cap of $27.37 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.33 and a beta of 1.08.

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, 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 business had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter last year, the company earned $0.99 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts expect 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 was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. This is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem's payout ratio is 43.72%.

Analyst Upgrades and Downgrades

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

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.