Flputnam Investment Management Co. Purchases 20,907 Shares of Xylem Inc. (NYSE:XYL)

Flputnam Investment Management Co. boosted its position in shares of Xylem Inc. (NYSE:XYL) by 163.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 33,728 shares of the industrial products company’s stock after acquiring an additional 20,907 shares during the period. Flputnam Investment Management Co.’s holdings in Xylem were worth $3,913,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XYL. Nordea Investment Management AB boosted its position in shares of Xylem by 24.6% during the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after acquiring an additional 5,286 shares during the last quarter. MML Investors Services LLC raised its stake in Xylem by 66.9% during the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after purchasing an additional 6,386 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Xylem by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after purchasing an additional 5,817 shares during the last quarter. Swedbank AB grew its stake in shares of Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after buying an additional 691,618 shares in the last quarter. Finally, Groupama Asset Managment increased its holdings in shares of Xylem by 89.6% in the 3rd quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock worth $2,206,000 after buying an additional 7,723 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on XYL. Robert W. Baird lifted their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. TD Cowen cut their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report 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 report on Friday, January 24th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.90.

Xylem Trading Up 1.7 %

NYSE XYL opened at $130.91 on Friday. The stock has a market cap of $31.80 billion, a PE ratio of 35.77, a PEG ratio of 2.33 and a beta of 1.07. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The company’s 50-day moving average price is $122.87 and its 200-day moving average price is $127.20.

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

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

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.