KLP Kapitalforvaltning AS Acquires 4,400 Shares of Xylem Inc. (NYSE:XYL)

KLP Kapitalforvaltning AS raised its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 2.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 183,203 shares of the industrial products company's stock after purchasing an additional 4,400 shares during the period. KLP Kapitalforvaltning AS owned 0.08% of Xylem worth $21,885,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in XYL. Dempze Nancy E boosted its holdings in Xylem by 0.3% in the fourth quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock valued at $2,989,000 after purchasing an additional 88 shares during the last quarter. Townsquare Capital LLC boosted its stake in shares of Xylem by 0.8% during the 4th quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock worth $1,285,000 after acquiring an additional 88 shares in the last quarter. Center for Financial Planning Inc. boosted its stake in shares of Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Keel Point LLC boosted its stake in shares of Xylem by 4.1% during the 4th quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock worth $275,000 after acquiring an additional 93 shares in the last quarter. Finally, SageView Advisory Group LLC boosted its stake in shares of Xylem by 3.6% during the 4th quarter. SageView Advisory Group LLC now owns 2,790 shares of the industrial products company's stock worth $324,000 after acquiring an additional 98 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on XYL. Citigroup reiterated a "buy" rating and issued a $152.00 price objective (up previously from $137.00) on shares of Xylem in a report on Monday, July 14th. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective for the company. Raymond James Financial raised shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Royal Bank Of Canada raised their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Robert W. Baird dropped their price objective 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. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $149.29.

Xylem Price Performance

Shares of XYL traded up $1.55 during mid-day trading on Friday, hitting $132.79. The company's stock had a trading volume of 316,729 shares, compared to its average volume of 1,497,028. The firm has a 50-day moving average price of $128.31 and a 200 day moving average price of $123.45. The stock has a market capitalization of $32.31 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 2.39 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.90 earnings per share. On average, research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem's 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.