FIL Ltd Has $54.50 Million Stake in Xylem Inc. (NYSE:XYL)

FIL Ltd lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 469,776 shares of the industrial products company’s stock after buying an additional 6,358 shares during the quarter. FIL Ltd owned about 0.19% of Xylem worth $54,503,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

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

Xylem Price Performance

NYSE XYL opened at $110.62 on Thursday. The company has a market cap of $26.92 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $123.43 and its two-hundred day simple moving average is $124.37.

Xylem (NYSE:XYL) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.45%. Xylem’s dividend payout ratio is currently 43.72%.

About Xylem

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.