Forsta AP Fonden Grows Stock Holdings in Xylem Inc. (NYSE:XYL)

Forsta AP Fonden raised its stake in Xylem Inc. (NYSE:XYL) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,900 shares of the industrial products company’s stock after buying an additional 1,900 shares during the period. Forsta AP Fonden’s holdings in Xylem were worth $6,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Xylem by 38.2% in the 2nd quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock worth $3,918,000 after purchasing an additional 7,981 shares during the period. Algert Global LLC purchased a new stake in shares of Xylem in the 2nd quarter worth approximately $475,000. Creative Planning lifted its position in shares of Xylem by 3.6% in the 2nd quarter. Creative Planning now owns 25,979 shares of the industrial products company’s stock worth $3,524,000 after purchasing an additional 904 shares during the period. Cetera Investment Advisers lifted its position in shares of Xylem by 3.0% in the 2nd quarter. Cetera Investment Advisers now owns 28,244 shares of the industrial products company’s stock worth $3,831,000 after purchasing an additional 832 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Xylem in the 2nd quarter worth approximately $2,969,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Citigroup lowered their price target on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Robert W. Baird decreased their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada decreased their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Stifel Nicolaus decreased their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $150.50.

Xylem Trading Up 1.8 %

Shares of Xylem stock opened at $124.04 on Friday. 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 Inc. has a 12-month low of $112.02 and a 12-month high of $146.08. The firm has a market capitalization of $30.14 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 2.06 and a beta of 1.06. The firm’s 50 day simple moving average is $120.69 and its two-hundred day simple moving average is $127.91.

Xylem (NYSE:XYL) last issued its quarterly 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 net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business posted $0.99 EPS. Xylem’s revenue for the quarter was up .2% compared to the same quarter last year. Analysts predict that Xylem Inc. will post 4.22 EPS for the current year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were paid a $0.36 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. Xylem’s 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.