Invesco Ltd. boosted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 9.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,009,907 shares of the industrial products company's stock after purchasing an additional 359,276 shares during the quarter. Invesco Ltd. owned 1.65% of Xylem worth $465,229,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Lee Danner & Bass Inc. acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $30,000. Rialto Wealth Management LLC acquired a new position in Xylem in the 4th quarter valued at $31,000. Heck Capital Advisors LLC bought a new stake in shares of Xylem during the 4th quarter valued at $36,000. Pathway Financial Advisers LLC grew 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 worth $37,000 after purchasing an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of Xylem by 69.5% in the fourth 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 during the period. Institutional investors own 87.96% of the company's stock.
Xylem Price Performance
XYL stock traded up $0.55 during trading on Monday, reaching $109.61. 240,563 shares of the company were exchanged, compared to its average volume of 1,372,056. The company has a market capitalization of $26.67 billion, a price-to-earnings ratio of 29.95, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The company has a 50-day moving average of $122.72 and a two-hundred day moving average of $123.95. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $146.08.
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 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 analysts' expectations of $2.18 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.
Xylem Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.46%. This is a positive change from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio (DPR) is presently 43.72%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on XYL shares. Stifel Nicolaus cut their price objective on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, January 24th. 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 research report on Wednesday, February 5th. Finally, Citigroup cut shares of Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Xylem presently has an average rating of "Moderate Buy" and a consensus target price of $149.89.
Check Out Our Latest Stock Report on Xylem
About Xylem
(
Free Report)
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.
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