Allianz SE Invests $1.91 Million in Xylem Inc. (NYSE:XYL)

Allianz SE bought a new stake in shares of Xylem Inc. (NYSE:XYL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,423 shares of the industrial products company’s stock, valued at approximately $1,910,000.

A number of other hedge funds have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in shares of Xylem during the 4th quarter valued at about $30,000. Rialto Wealth Management LLC bought a new stake in Xylem during the fourth quarter worth approximately $31,000. Heck Capital Advisors LLC acquired a new position in Xylem in the fourth quarter worth approximately $36,000. Pathway Financial Advisers LLC increased its holdings in shares of Xylem by 122.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after buying an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in shares of Xylem by 69.5% during 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. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Down 2.1 %

Xylem stock opened at $119.42 on Friday. Xylem Inc. has a twelve month low of $113.26 and a twelve month 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 firm has a market cap of $29.02 billion, a PE ratio of 32.63, a P/E/G ratio of 2.33 and a beta of 1.08. The firm’s 50 day moving average price is $125.70 and its two-hundred day moving average price is $125.88.

Xylem (NYSE:XYL) last announced its quarterly earnings data 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 business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company earned $0.99 earnings per share. Xylem’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a $0.40 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.34%. This is an increase from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio is currently 43.72%.

Analysts Set New Price Targets

XYL has been the topic of a number of recent analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Stifel Nicolaus cut their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup downgraded shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Robert W. Baird upped their price target on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.

Xylem Company 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.