Xylem Inc. (NYSE:XYL) Shares Bought by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. grew its stake in Xylem Inc. (NYSE:XYL) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,430 shares of the industrial products company’s stock after buying an additional 622 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Xylem were worth $1,674,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Swedbank AB boosted its position in Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Xylem by 6.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 87 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Xylem by 1.9% during the third quarter. Janney Montgomery Scott LLC now owns 38,427 shares of the industrial products company’s stock worth $5,189,000 after buying an additional 713 shares in the last quarter. Van ECK Associates Corp grew its position in Xylem by 7.3% during the third quarter. Van ECK Associates Corp now owns 6,700 shares of the industrial products company’s stock valued at $883,000 after buying an additional 458 shares during the period. Finally, Angeles Wealth Management LLC increased its holdings in Xylem by 3.6% in the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock valued at $332,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus decreased their price target on 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 lifted their price objective on Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.90.

Xylem Price Performance

Shares of NYSE:XYL opened at $129.69 on Tuesday. The firm has a market capitalization of $31.51 billion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. 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 business’s 50 day simple moving average is $123.12 and its 200-day simple moving average is $127.15. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08.

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

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. Xylem’s dividend payout ratio is presently 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.