Commerzbank Aktiengesellschaft FI Buys 3,322 Shares of Xylem Inc. (NYSE:XYL)

Commerzbank Aktiengesellschaft FI raised its position in Xylem Inc. (NYSE:XYL) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,956 shares of the industrial products company’s stock after purchasing an additional 3,322 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Xylem were worth $10,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of XYL. Charles Schwab Investment Management Inc. raised its position in Xylem by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,388,111 shares of the industrial products company’s stock valued at $161,049,000 after buying an additional 42,343 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Xylem by 13.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 19,709 shares of the industrial products company’s stock worth $2,287,000 after acquiring an additional 2,298 shares in the last quarter. Quintet Private Bank Europe S.A. raised its holdings in shares of Xylem by 30.1% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 264,464 shares of the industrial products company’s stock valued at $30,683,000 after purchasing an additional 61,202 shares during the last quarter. LGT Fund Management Co Ltd. lifted its position in shares of Xylem by 4.5% in the fourth quarter. LGT Fund Management Co Ltd. now owns 14,430 shares of the industrial products company’s stock worth $1,674,000 after purchasing an additional 622 shares in the last quarter. Finally, LGT Group Foundation boosted its holdings in Xylem by 0.7% during the fourth quarter. LGT Group Foundation now owns 54,408 shares of the industrial products company’s stock worth $6,312,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their target price on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $149.90.

Xylem Stock Down 0.9 %

XYL stock opened at $129.69 on Tuesday. The business’s 50 day simple moving average is $123.12 and its 200 day simple moving average is $127.15. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08. The firm has a market capitalization of $31.51 billion, a PE ratio of 35.43, a PEG ratio of 2.33 and a beta of 1.07. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. As a group, research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 43.72%.

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.