Skandinaviska Enskilda Banken AB publ Has $37.53 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Skandinaviska Enskilda Banken AB publ increased its stake in Xylem Inc. (NYSE:XYL - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,767 shares of the industrial products company's stock after acquiring an additional 11,595 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.13% of Xylem worth $37,531,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Swedbank AB increased its position in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock valued at $403,953,000 after purchasing an additional 554,609 shares during the period. Impax Asset Management Group plc grew its holdings in Xylem by 1.0% during the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company's stock worth $226,555,000 after acquiring an additional 15,825 shares during the period. Assetmark Inc. raised its position in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after acquiring an additional 311 shares in the last quarter. Atria Investments Inc lifted its holdings in Xylem by 3.4% in the 3rd quarter. Atria Investments Inc now owns 36,783 shares of the industrial products company's stock valued at $4,967,000 after acquiring an additional 1,216 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Xylem by 19.6% during the 3rd quarter. Covestor Ltd now owns 677 shares of the industrial products company's stock valued at $91,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

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Wall Street Analyst Weigh In

XYL has been the topic of a number of research reports. Wolfe Research reissued a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup downgraded Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Robert W. Baird lifted 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. Finally, Stifel Nicolaus reduced their target price on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a report on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $149.89.

Xylem Stock Up 0.3 %

Xylem stock traded up $0.33 during mid-day trading on Monday, hitting $123.09. The company's stock had a trading volume of 1,712,307 shares, compared to its average volume of 1,209,401. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08. The firm's 50 day moving average is $124.74 and its 200 day moving average is $126.57. The company has a market cap of $29.92 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion during 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 quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. On average, analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a $0.40 dividend. This is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.30%. The ex-dividend date is Tuesday, February 18th. Xylem's dividend 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.