Avanza Fonder AB Purchases New Position in Xylem Inc. (NYSE:XYL)

Avanza Fonder AB acquired a new position in Xylem Inc. (NYSE:XYL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,694 shares of the industrial products company’s stock, valued at approximately $2,633,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in XYL. Dimensional Fund Advisors LP boosted its holdings in Xylem by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock worth $199,930,000 after buying an additional 113,571 shares in the last quarter. Wealth Alliance raised its position in shares of Xylem by 10.0% in the second quarter. Wealth Alliance now owns 1,855 shares of the industrial products company’s stock worth $252,000 after acquiring an additional 169 shares during the period. Argent Trust Co boosted its stake in shares of Xylem by 108.7% during the 2nd quarter. Argent Trust Co now owns 8,054 shares of the industrial products company’s stock worth $1,092,000 after acquiring an additional 4,195 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Xylem by 12.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,051 shares of the industrial products company’s stock valued at $2,815,000 after acquiring an additional 2,264 shares during the period. Finally, Seven Eight Capital LP purchased a new position in shares of Xylem in the 2nd quarter valued at about $697,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE:XYL opened at $119.84 on Friday. The company has a market cap of $29.11 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.89 and a beta of 1.06. Xylem Inc. has a twelve month low of $109.70 and a twelve month high of $146.08. The company’s 50-day moving average price is $121.08 and its 200-day moving average price is $128.82. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. On average, sell-side analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.20%. The ex-dividend date was Tuesday, November 26th. Xylem’s payout ratio is currently 42.11%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XYL. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus dropped their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. TD Cowen cut their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada decreased their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Robert W. Baird cut their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $152.10.

About Xylem

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.