LGT Fund Management Co Ltd. Has $1.67 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

LGT Fund Management Co Ltd. grew its holdings in Xylem Inc. (NYSE:XYL) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,430 shares of the industrial products company’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in XYL. Heck Capital Advisors LLC bought a new stake in shares of Xylem during the fourth quarter worth about $36,000. SRS Capital Advisors Inc. grew its position in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after buying an additional 130 shares during the period. Pathway Financial Advisers LLC increased its stake 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 worth $37,000 after purchasing an additional 175 shares during the last quarter. Assetmark Inc. raised its stake in shares of Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after buying an additional 311 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its position in Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

XYL opened at $129.69 on Tuesday. Xylem Inc. has a fifty-two week low of $113.26 and a fifty-two week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The company has a fifty day moving average of $123.12 and a 200 day moving average of $127.15. The stock has a market capitalization of $31.51 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 2.33 and a beta of 1.07.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently declared 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 represents a $1.60 annualized dividend and a dividend yield of 1.23%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. Xylem’s payout ratio is presently 43.72%.

Analysts Set New Price Targets

A number of analysts recently weighed in on XYL shares. Robert W. Baird upped their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. 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. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus cut their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $149.90.

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.