PKO Investment Management Joint Stock Co Purchases New Position in Xylem Inc. (NYSE:XYL)

PKO Investment Management Joint Stock Co purchased a new position in Xylem Inc. (NYSE:XYL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the industrial products company's stock, valued at approximately $1,160,000.

Several other hedge funds and other institutional investors have also modified their holdings of XYL. Lee Danner & Bass Inc. bought a new stake in shares of Xylem in the 4th quarter valued at approximately $30,000. Rialto Wealth Management LLC bought a new stake in Xylem in the fourth quarter worth approximately $31,000. Heck Capital Advisors LLC bought a new stake in Xylem in the fourth quarter worth approximately $36,000. 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. Finally, SRS Capital Advisors Inc. raised its holdings 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 purchasing an additional 130 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XYL has been the topic of several analyst reports. Stifel Nicolaus increased their target price on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Royal Bank of Canada increased their price objective on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on Xylem in a report on Friday. They issued an "overweight" rating and a $148.00 target price for the company. Citigroup lowered their price target on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird decreased their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $144.75.

Xylem Stock Performance

Shares of NYSE:XYL traded up $0.29 on Friday, hitting $125.95. 2,624,076 shares of the company were exchanged, compared to its average volume of 1,410,875. The company's 50 day moving average price is $117.99 and its two-hundred day moving average price is $121.55. The firm has a market capitalization of $30.65 billion, a price-to-earnings ratio of 34.41, a PEG 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 one year low of $100.47 and a one year high of $143.50.

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

Xylem Dividend Announcement

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

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.