KLP Kapitalforvaltning AS Makes New $20.75 Million Investment in Xylem Inc. (NYSE:XYL)

KLP Kapitalforvaltning AS bought a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 178,803 shares of the industrial products company's stock, valued at approximately $20,745,000. KLP Kapitalforvaltning AS owned about 0.07% of Xylem as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Clear Creek Financial Management LLC raised its holdings in Xylem by 4.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company's stock worth $269,000 after purchasing an additional 96 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of Xylem by 2.3% during the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company's stock worth $506,000 after buying an additional 96 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in Xylem by 1.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,868 shares of the industrial products company's stock valued at $913,000 after buying an additional 98 shares during the period. Mcrae Capital Management Inc. boosted its stake in Xylem by 2.9% in the fourth quarter. Mcrae Capital Management Inc. now owns 3,575 shares of the industrial products company's stock valued at $415,000 after acquiring an additional 100 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Xylem by 24.0% during the 4th quarter. Larson Financial Group LLC now owns 521 shares of the industrial products company's stock worth $60,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

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Xylem Stock Down 0.8 %

XYL traded down $0.94 during trading on Thursday, reaching $122.19. The company had a trading volume of 1,625,224 shares, compared to its average volume of 1,234,296. The company has a market cap of $29.70 billion, a P/E ratio of 33.39, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. 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 business's fifty day moving average price is $125.64 and its 200 day moving average price is $126.00.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. Equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Tuesday, February 18th. This is a positive change from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio (DPR) is currently 43.72%.

Wall Street Analysts Forecast Growth

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