FIL Ltd Raises Position in Xylem Inc. (NYSE:XYL)

FIL Ltd increased its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469,776 shares of the industrial products company's stock after purchasing an additional 6,358 shares during the quarter. FIL Ltd owned approximately 0.19% of Xylem worth $54,503,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in XYL. Lee Danner & Bass Inc. purchased a new stake in shares of Xylem during the fourth quarter valued at about $30,000. Rialto Wealth Management LLC purchased a new stake in Xylem during the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new position in Xylem in the fourth quarter worth $36,000. Pathway Financial Advisers LLC lifted its holdings in shares of Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. 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. Stifel Nicolaus dropped their price target on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Finally, Robert W. Baird increased their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $148.44.

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Xylem Trading Up 0.2 %

Shares of NYSE XYL traded up $0.17 during trading on Tuesday, hitting $109.87. 437,422 shares of the company were exchanged, compared to its average volume of 1,619,353. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The company has a fifty day moving average price of $122.33 and a 200-day moving average price of $123.77. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $146.08. The firm has a market capitalization of $26.74 billion, a PE ratio of 30.02, a P/E/G ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts' expectations 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, equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.46%. Xylem's payout ratio is presently 43.72%.

Xylem Company 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.