Xylem Inc. (NYSE:XYL) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Xylem Inc. (NYSE:XYL) by 157.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 870 shares of the industrial products company’s stock after purchasing an additional 532 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Xylem were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of Xylem by 10,296.7% during the 4th quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock worth $7,205,000 after buying an additional 62,398 shares in the last quarter. ING Groep NV purchased a new position in Xylem in the 3rd quarter valued at approximately $2,752,000. Meiji Yasuda Asset Management Co Ltd. increased its stake in Xylem by 6.6% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,266 shares of the industrial products company’s stock valued at $3,574,000 after purchasing an additional 2,438 shares in the last quarter. SG Americas Securities LLC increased its stake in Xylem by 351.2% in the 4th quarter. SG Americas Securities LLC now owns 101,408 shares of the industrial products company’s stock valued at $11,597,000 after purchasing an additional 78,934 shares in the last quarter. Finally, Mariner LLC increased its stake in Xylem by 10.3% in the 3rd quarter. Mariner LLC now owns 75,036 shares of the industrial products company’s stock valued at $6,831,000 after purchasing an additional 7,006 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. BNP Paribas started coverage on Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price on the stock. Oppenheimer increased their target price on Xylem from $133.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday. Raymond James upgraded Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. Finally, Citigroup increased their target price on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.11.

Xylem Price Performance

Shares of Xylem stock opened at $127.16 on Friday. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $130.86. The stock has a market capitalization of $30.82 billion, a P/E ratio of 46.75, a PEG ratio of 2.52 and a beta of 1.10. The company has a current ratio of 1.76, a quick ratio of 1.30 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average price is $126.94 and its 200 day moving average price is $112.11.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. As a group, research analysts anticipate that Xylem Inc. will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.36 per share. This is an increase from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 1.13%. The ex-dividend date was Tuesday, February 20th. Xylem’s payout ratio is 52.94%.

Insider Buying and Selling at Xylem

In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the sale, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the sale, the senior vice president now owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

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.