King Luther Capital Management Corp Purchases 8,148 Shares of Xylem Inc. (NYSE:XYL)

Key Points

• King Luther Capital Management Corp increased its stake in Xylem Inc. by 0.8% during the first quarter, owning approximately 0.40% of the company, valued at $117 million.
• Xylem has received positive ratings from several analysts, with a consensus rating of "Moderate Buy" and a price target averaging $151.57.
• For the most recent quarter, Xylem reported earnings per share of $1.26, exceeding expectations, and announced a quarterly dividend of $0.40 per share.

King Luther Capital Management Corp increased its position in Xylem Inc. (NYSE:XYL - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 982,470 shares of the industrial products company's stock after acquiring an additional 8,148 shares during the quarter. King Luther Capital Management Corp owned about 0.40% of Xylem worth $117,366,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of XYL. Vanguard Group Inc. increased its holdings in shares of Xylem by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 29,006,544 shares of the industrial products company's stock worth $3,465,122,000 after purchasing an additional 362,127 shares during the period. Royal Bank of Canada increased its stake in Xylem by 7.9% in the fourth quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock valued at $506,985,000 after acquiring an additional 320,500 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Xylem by 8.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,750,377 shares of the industrial products company's stock valued at $435,119,000 after acquiring an additional 301,070 shares during the period. Northern Trust Corp increased its stake in Xylem by 42.0% in the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock valued at $379,204,000 after acquiring an additional 966,399 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Xylem by 0.7% in the first quarter. Victory Capital Management Inc. now owns 2,341,764 shares of the industrial products company's stock valued at $279,747,000 after acquiring an additional 15,740 shares during the period. Institutional investors own 87.96% of the company's stock.

Xylem Price Performance

Shares of XYL stock traded up $0.52 during trading hours on Tuesday, reaching $143.39. 867,664 shares of the company were exchanged, compared to its average volume of 1,117,068. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $145.33. The stock's fifty day moving average is $131.90 and its two-hundred day moving average is $125.44. The company has a market cap of $34.90 billion, a price-to-earnings ratio of 37.24, a P/E/G ratio of 2.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43.

Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the business earned $1.09 earnings per share. Xylem's quarterly revenue was up 6.1% on a year-over-year basis. Sell-side analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, May 29th. Xylem's dividend payout ratio is currently 41.56%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Xylem from a "hold" rating to a "buy" rating in a research note on Saturday. Robert W. Baird lowered their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. began coverage on shares of Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective on the stock. Finally, UBS Group reaffirmed a "buy" rating and set a $168.00 price objective (up from $164.00) on shares of Xylem in a research note on Tuesday, August 5th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Xylem presently has a consensus rating of "Moderate Buy" and an average target price 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.