Mn Services Vermogensbeheer B.V. Purchases 1,600 Shares of Xylem Inc. (NYSE:XYL)

Mn Services Vermogensbeheer B.V. grew its position in shares of Xylem Inc. (NYSE:XYL) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 94,035 shares of the industrial products company’s stock after buying an additional 1,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Xylem were worth $10,910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Direct Indexing L.P. raised its stake in shares of Xylem by 0.9% during the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after acquiring an additional 78 shares during the last quarter. Angeles Wealth Management LLC raised its stake in shares of Xylem by 3.6% during the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock valued at $332,000 after acquiring an additional 86 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Xylem by 6.6% during the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 87 shares during the last quarter. Clear Creek Financial Management LLC raised its stake in shares of Xylem by 4.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 2,315 shares of the industrial products company’s stock valued at $269,000 after acquiring an additional 96 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its stake in shares of Xylem by 2.3% during the fourth quarter. Bleakley Financial Group LLC now owns 4,359 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 96 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Price Performance

Shares of XYL opened at $130.91 on Friday. The stock has a market cap of $31.80 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07. 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 fifty-two week low of $113.26 and a fifty-two week high of $146.08. The firm’s 50-day simple moving average is $122.87 and its two-hundred day simple moving average is $127.23.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. Analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently declared 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 is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. Xylem’s dividend payout ratio is presently 43.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Royal Bank of Canada reduced their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Robert W. Baird boosted their price target on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $149.90.

About Xylem

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.