Allianz SE Invests $1.91 Million in Xylem Inc. (NYSE:XYL)

Allianz SE bought a new stake in shares of Xylem Inc. (NYSE:XYL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,423 shares of the industrial products company’s stock, valued at approximately $1,910,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. acquired a new position in shares of Xylem during the fourth quarter worth $30,000. Rialto Wealth Management LLC purchased a new stake in Xylem during the 4th quarter worth $31,000. Heck Capital Advisors LLC acquired a new position in Xylem in the 4th quarter worth $36,000. SRS Capital Advisors Inc. boosted its position in 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. Finally, Pathway Financial Advisers LLC grew its stake in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 175 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on XYL shares. Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their price target on Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Robert W. Baird increased their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average target price of $149.89.

Xylem Price Performance

Shares of XYL opened at $119.42 on Friday. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. 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 fifty day moving average price of $125.70 and a 200 day moving average price of $125.88. The company has a market cap of $29.02 billion, a P/E ratio of 32.63, a PEG ratio of 2.33 and a beta of 1.08.

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

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is 43.72%.

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.