Flputnam Investment Management Co. Purchases 20,907 Shares of Xylem Inc. (NYSE:XYL)

Flputnam Investment Management Co. lifted its position in shares of Xylem Inc. (NYSE:XYL) by 163.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,728 shares of the industrial products company’s stock after acquiring an additional 20,907 shares during the period. Flputnam Investment Management Co.’s holdings in Xylem were worth $3,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Swedbank AB raised its stake in shares of Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Xylem by 0.8% in the 3rd quarter. New York State Common Retirement Fund now owns 368,047 shares of the industrial products company’s stock worth $49,697,000 after buying an additional 2,997 shares in the last quarter. Farther Finance Advisors LLC raised its position in Xylem by 6.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock worth $191,000 after buying an additional 87 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Xylem by 1.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 38,427 shares of the industrial products company’s stock valued at $5,189,000 after acquiring an additional 713 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Xylem by 7.3% in the third quarter. Van ECK Associates Corp now owns 6,700 shares of the industrial products company’s stock worth $883,000 after acquiring an additional 458 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Price Performance

NYSE XYL opened at $130.91 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The stock has a market cap of $31.80 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.33 and a beta of 1.07. The company’s 50 day moving average is $122.87 and its two-hundred day moving average is $127.20.

Xylem (NYSE:XYL) last announced 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 firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.99 EPS. As a group, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of research analyst reports. Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Finally, Robert W. Baird boosted their price target on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.90.

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.