KLP Kapitalforvaltning AS Makes New Investment in Xylem Inc. (NYSE:XYL)

KLP Kapitalforvaltning AS purchased a new position in shares of Xylem Inc. (NYSE:XYL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 178,803 shares of the industrial products company’s stock, valued at approximately $20,745,000. KLP Kapitalforvaltning AS owned about 0.07% of Xylem as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of XYL. Lee Danner & Bass Inc. acquired a new position in Xylem during the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem in the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Xylem in the 4th quarter valued at approximately $36,000. Pathway Financial Advisers LLC boosted its holdings in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after buying an additional 175 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Down 1.3 %

XYL stock opened at $118.27 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a market capitalization of $28.75 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 2.33 and a beta of 1.08. The business’s fifty day moving average price is $125.24 and its two-hundred day moving average price is $126.12. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 EPS. On average, equities analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.35%. Xylem’s dividend payout ratio (DPR) is presently 43.72%.

Wall Street Analysts Forecast Growth

XYL has been the subject of several recent analyst reports. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Robert W. Baird increased 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. Finally, Stifel Nicolaus dropped their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

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.