Xylem Inc. (NYSE:XYL) Position Lifted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its stake in Xylem Inc. (NYSE:XYL) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 322,767 shares of the industrial products company’s stock after purchasing an additional 11,595 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.13% of Xylem worth $37,531,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of XYL. Rialto Wealth Management LLC bought a new stake in Xylem in the fourth quarter valued at about $31,000. Heck Capital Advisors LLC acquired a new position in shares of Xylem in the 4th quarter worth approximately $36,000. SRS Capital Advisors Inc. increased 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 acquiring an additional 130 shares during the last quarter. Pathway Financial Advisers LLC raised its position in shares of 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. Finally, Assetmark Inc. lifted its stake in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 311 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of XYL stock opened at $122.99 on Thursday. 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 firm has a market capitalization of $29.89 billion, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The business has a 50 day simple moving average of $124.53 and a 200 day simple moving average of $126.83.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. Xylem’s payout ratio is 43.72%.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of recent research reports. Robert W. Baird raised their price target 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. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Stifel Nicolaus cut their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $149.89.

Xylem 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.