BI Asset Management Fondsmaeglerselskab A S Boosts Holdings in Xylem Inc. $XYL

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BI Asset Management Fondsmaeglerselskab A S boosted its position in Xylem Inc. (NYSE:XYL - Free Report) by 14.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,509 shares of the industrial products company's stock after purchasing an additional 20,006 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.07% of Xylem worth $19,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in XYL. Northern Trust Corp increased its holdings in shares of Xylem by 42.0% in the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after buying an additional 966,399 shares during the last quarter. Nuveen LLC bought a new position in shares of Xylem in the 1st quarter worth $99,726,000. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Xylem by 390.5% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock worth $122,009,000 after buying an additional 813,100 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Xylem during the 1st quarter valued at $89,828,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Xylem during the 4th quarter valued at $83,139,000. Institutional investors own 87.96% of the company's stock.

Xylem Trading Down 0.0%

NYSE:XYL opened at $140.80 on Tuesday. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $145.33. The stock has a market cap of $34.27 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 2.44 and a beta of 1.11. The company has a 50-day moving average price of $133.08 and a 200-day moving average price of $126.01. The company has a current ratio of 1.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same period last year, the company posted $1.09 EPS. Xylem's revenue was up 6.1% on a year-over-year basis. Equities analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 annualized dividend and a yield of 1.1%. Xylem's payout ratio is 41.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Wall Street Zen raised shares of Xylem from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Stifel Nicolaus increased their target price on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday, August 1st. UBS Group increased their target price on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Robert W. Baird cut their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $151.57.

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.

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