Lansforsakringar Fondforvaltning AB publ Takes $17.98 Million Position in Xylem Inc. (NYSE:XYL)

Lansforsakringar Fondforvaltning AB publ acquired a new stake in Xylem Inc. (NYSE:XYL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 154,962 shares of the industrial products company's stock, valued at approximately $17,979,000. Lansforsakringar Fondforvaltning AB publ owned approximately 0.06% of Xylem at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Impax Asset Management Group plc increased its stake in Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after purchasing an additional 3,883,845 shares during the period. Norges Bank purchased a new stake in Xylem during the 4th quarter worth approximately $302,734,000. Northern Trust Corp increased its stake in Xylem by 42.0% during 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 period. AMF Tjanstepension AB acquired a new stake in Xylem during the 4th quarter worth approximately $96,658,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Xylem in the 4th quarter valued at approximately $83,139,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Robert W. Baird reduced their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Royal Bank of Canada increased their price target on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Stifel Nicolaus boosted their price objective on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Raymond James upgraded shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Finally, Citigroup lowered their price target on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $144.75.

Xylem Stock Up 0.2%

XYL stock traded up $0.29 during midday trading on Friday, reaching $125.95. 2,624,076 shares of the company were exchanged, compared to its average volume of 1,410,875. The company has a market cap of $30.65 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $143.50. The stock's 50-day simple moving average is $117.99 and its 200 day simple moving average is $121.55.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. On average, equities analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio (DPR) is 43.01%.

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.