APG Asset Management N.V. Acquires 138,598 Shares of Xylem Inc. (NYSE:XYL)

APG Asset Management N.V. grew its holdings in shares of Xylem Inc. (NYSE:XYL) by 102.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 273,740 shares of the industrial products company’s stock after purchasing an additional 138,598 shares during the period. APG Asset Management N.V. owned approximately 0.11% of Xylem worth $30,671,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in XYL. Lee Danner & Bass Inc. purchased a new position in Xylem during the fourth quarter valued at $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem during the fourth quarter valued at $31,000. Heck Capital Advisors LLC purchased a new position in shares of Xylem in the 4th quarter worth about $36,000. Pathway Financial Advisers LLC boosted its stake in Xylem by 122.4% in 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 in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in 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 during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Stock Performance

Shares of XYL opened at $102.77 on Wednesday. The firm has a market capitalization of $25.01 billion, a P/E ratio of 28.08, a PEG ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08. The business has a fifty day moving average of $123.93 and a 200 day moving average of $124.63.

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

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Tuesday, February 18th. Xylem’s dividend payout ratio is currently 43.72%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus decreased their price objective on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Robert W. Baird lifted their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.89.

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.