Bridgewater Associates LP Acquires 927 Shares of Xylem Inc. (NYSE:XYL)

Bridgewater Associates LP increased its stake in Xylem Inc. (NYSE:XYL) by 59.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,482 shares of the industrial products company’s stock after buying an additional 927 shares during the period. Bridgewater Associates LP’s holdings in Xylem were worth $288,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Impax Asset Management Group plc boosted 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 acquiring an additional 3,883,845 shares during the last quarter. Norges Bank bought a new stake in shares of Xylem in the 4th quarter worth approximately $302,734,000. AMF Tjanstepension AB purchased a new position in Xylem in the fourth quarter valued at approximately $96,658,000. Victory Capital Management Inc. grew its holdings in Xylem by 42.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock valued at $269,865,000 after purchasing an additional 698,745 shares during the period. Finally, Swedbank AB increased its position in Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after buying an additional 691,618 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 1.2 %

XYL opened at $110.53 on Monday. 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 firm has a market capitalization of $26.90 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a fifty day moving average price of $120.60 and a 200-day moving average price of $123.09.

Xylem (NYSE:XYL) last posted its 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 during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, February 18th. 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 1.45%. Xylem’s payout ratio is presently 43.72%.

Analysts Set New Price Targets

A number of research analysts have recently commented on XYL shares. Citigroup dropped their price target on Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus cut their target price on shares of Xylem from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird upped 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. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.33.

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.