Dimensional Fund Advisors LP Increases Position in Xylem Inc. (NYSE:XYL)

Dimensional Fund Advisors LP boosted its position in Xylem Inc. (NYSE:XYL) by 6.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,828,304 shares of the industrial products company’s stock after purchasing an additional 118,692 shares during the period. Dimensional Fund Advisors LP’s holdings in Xylem were worth $212,127,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of XYL. Impax Asset Management Group plc increased its stake in Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after purchasing an additional 3,883,845 shares during the last quarter. Norges Bank purchased a new stake in Xylem in the 4th quarter valued at about $302,734,000. AMF Tjanstepension AB acquired a new position in shares of Xylem during the 4th quarter valued at about $96,658,000. Victory Capital Management Inc. lifted its holdings in shares of Xylem by 42.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock worth $269,865,000 after acquiring an additional 698,745 shares during the period. Finally, Swedbank AB grew its holdings in Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after purchasing an additional 691,618 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Price Performance

XYL opened at $111.51 on Wednesday. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a market cap of $27.14 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.33 and a beta of 1.08. The company has a fifty day simple moving average of $119.78 and a 200 day simple moving average of $122.84.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 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 quarter in the previous year, the firm posted $0.99 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed 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 positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on XYL shares. Robert W. Baird increased their price target on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Stifel Nicolaus reduced their target price on Xylem from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup dropped their price target on Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.33.

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.