King Luther Capital Management Corp Buys 10,319 Shares of Xylem Inc. (NYSE:XYL)

King Luther Capital Management Corp grew its position in Xylem Inc. (NYSE:XYL - Free Report) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 959,623 shares of the industrial products company's stock after acquiring an additional 10,319 shares during the quarter. King Luther Capital Management Corp owned 0.39% of Xylem worth $129,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Citizens Financial Group Inc. RI grew its position in Xylem by 9.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,648 shares of the industrial products company's stock valued at $358,000 after acquiring an additional 224 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of Xylem by 1.3% during the 3rd quarter. Moors & Cabot Inc. now owns 7,936 shares of the industrial products company's stock worth $1,072,000 after purchasing an additional 104 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Xylem by 24.2% during the 3rd quarter. Jennison Associates LLC now owns 317,291 shares of the industrial products company's stock worth $42,844,000 after purchasing an additional 61,841 shares during the last quarter. Strategy Asset Managers LLC lifted its stake in shares of Xylem by 20.8% during the 3rd quarter. Strategy Asset Managers LLC now owns 3,262 shares of the industrial products company's stock worth $440,000 after purchasing an additional 561 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Xylem during the 3rd quarter worth $52,169,000. Institutional investors own 87.96% of the company's stock.

Xylem Price Performance

Shares of NYSE XYL opened at $122.84 on Thursday. The firm has a 50-day simple moving average of $130.33 and a 200-day simple moving average of $134.46. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $29.84 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. Xylem Inc. has a 52 week low of $100.46 and a 52 week high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. On average, equities analysts predict that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.17%. Xylem's dividend payout ratio (DPR) is 42.11%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on XYL. UBS Group began coverage on Xylem in a report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price objective on the stock. Royal Bank of Canada cut their price objective on Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Robert W. Baird cut their price objective on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Stifel Nicolaus increased their price objective on Xylem from $170.00 to $172.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, TD Cowen cut their price objective on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.17.

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.

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