Cramer Rosenthal Mcglynn LLC Buys 21,647 Shares of Xylem Inc. (NYSE:XYL)

Cramer Rosenthal Mcglynn LLC increased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 191,810 shares of the industrial products company's stock after buying an additional 21,647 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.08% of Xylem worth $22,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised 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 valued at $3,125,000 after purchasing an additional 5,286 shares during the period. Swedbank AB raised its stake in Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after buying an additional 691,618 shares during the period. Benson Investment Management Company Inc. acquired a new position in shares of Xylem during the 4th quarter worth approximately $5,094,000. Franklin Resources Inc. boosted its position in Xylem by 2.3% during the third quarter. Franklin Resources Inc. now owns 1,597,657 shares of the industrial products company's stock worth $219,262,000 after purchasing an additional 36,102 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Xylem by 31.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 139 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Price Performance

Shares of NYSE XYL traded up $2.13 during mid-day trading on Wednesday, reaching $113.83. The company had a trading volume of 656,654 shares, compared to its average volume of 1,390,322. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08. The business's 50-day simple moving average is $119.78 and its 200 day simple moving average is $122.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The firm has a market cap of $27.70 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results 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. Xylem had a net margin of 10.40% and a return on equity of 9.96%. 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 previous year, the company earned $0.99 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This is a boost from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.41%. Xylem's dividend payout ratio is presently 43.72%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on XYL shares. Stifel Nicolaus reduced their target price on shares of Xylem from $150.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Citigroup lowered their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird upped their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Xylem has an average rating of "Moderate Buy" and a consensus price target of $147.33.

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.