OFI Invest Asset Management Makes New Investment in Xylem Inc. (NYSE:XYL)

OFI Invest Asset Management acquired a new stake in Xylem Inc. (NYSE:XYL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 282,460 shares of the industrial products company’s stock, valued at approximately $31,648,000. OFI Invest Asset Management owned approximately 0.12% of Xylem at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Impax Asset Management Group plc lifted its position in Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after buying an additional 3,883,845 shares in the last quarter. AMF Tjanstepension AB purchased a new position in shares of Xylem in the 4th quarter valued at $96,658,000. Victory Capital Management Inc. lifted its holdings in shares of Xylem by 42.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock valued at $269,865,000 after acquiring an additional 698,745 shares in the last quarter. Swedbank AB boosted its position in Xylem by 23.1% during the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after purchasing an additional 691,618 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in Xylem in the 3rd quarter valued at $68,593,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on XYL. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Robert W. Baird boosted their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $149.90.

Xylem Price Performance

XYL opened at $130.79 on Friday. The company has a market capitalization of $31.79 billion, a P/E ratio of 35.74, a PEG ratio of 2.33 and a beta of 1.08. The company has a 50-day moving average of $124.00 and a 200-day moving average of $127.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08.

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

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 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.