King Luther Capital Management Corp Buys 14,699 Shares of Xylem Inc. (NYSE:XYL)

King Luther Capital Management Corp increased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 974,322 shares of the industrial products company's stock after buying an additional 14,699 shares during the quarter. King Luther Capital Management Corp owned about 0.40% of Xylem worth $113,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of Xylem by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock worth $3,125,000 after purchasing an additional 5,286 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of Xylem by 66.9% in the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock valued at $2,152,000 after buying an additional 6,386 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Xylem by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company's stock valued at $181,719,000 after buying an additional 5,817 shares during the last quarter. Swedbank AB increased its position 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 worth $427,325,000 after acquiring an additional 691,618 shares in the last quarter. Finally, Groupama Asset Managment raised its holdings in shares of Xylem by 89.6% in the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company's stock worth $2,206,000 after acquiring an additional 7,723 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Robert W. Baird lifted their price objective on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Wolfe Research reissued a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus reduced their price objective on shares of Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Finally, Citigroup downgraded shares of Xylem from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $149.90.

Xylem Trading Up 0.1 %

Shares of XYL stock traded up $0.07 on Wednesday, hitting $123.70. 459,639 shares of the company's stock traded hands, compared to its average volume of 1,201,957. The stock has a market capitalization of $30.06 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 2.33 and a beta of 1.08. The company's fifty day simple moving average is $124.39 and its 200 day simple moving average is $126.86. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76.

Xylem (NYSE:XYL - Get Free Report) last issued 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 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 period in the prior year, the business posted $0.99 EPS. Xylem's quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem's dividend payout ratio is 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.