Xylem Inc. (NYSE:XYL) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB lifted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,798 shares of the industrial products company's stock after buying an additional 5,286 shares during the quarter. Nordea Investment Management AB's holdings in Xylem were worth $3,125,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of XYL. Bangor Savings Bank boosted its position in shares of Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after purchasing an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Xylem during the 2nd quarter worth about $33,000. Assetmark Inc. lifted its position in Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after acquiring an additional 311 shares during the period. Versant Capital Management Inc lifted its position in Xylem by 318.2% during the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company's stock worth $43,000 after acquiring an additional 280 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its position in Xylem by 226.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock worth $46,000 after acquiring an additional 235 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on XYL. Citigroup raised Xylem from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $135.00 to $148.00 in a research report on Monday, December 9th. Stifel Nicolaus reduced their price objective on Xylem from $172.00 to $166.00 and set a "buy" rating for the company in a research note on Wednesday, December 11th. Wolfe Research reiterated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird cut their price target on Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Finally, TD Cowen cut their price target on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $152.20.

Xylem Trading Down 1.7 %

XYL traded down $1.97 during trading hours on Friday, reaching $113.94. The company's stock had a trading volume of 1,334,457 shares, compared to its average volume of 1,140,010. Xylem Inc. has a fifty-two week low of $109.39 and a fifty-two week high of $146.08. The stock has a market cap of $27.68 billion, a PE ratio of 33.32, a P/E/G ratio of 2.22 and a beta of 1.06. The business's 50-day moving average is $121.65 and its 200-day moving average is $129.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

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

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.26%. Xylem's dividend payout ratio is currently 42.11%.

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.