KBC Group NV Has $98.40 Million Stock Position in Xylem Inc. (NYSE:XYL)

KBC Group NV lifted its holdings in shares of Xylem Inc. (NYSE:XYLFree Report) by 51.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 860,457 shares of the industrial products company’s stock after acquiring an additional 290,817 shares during the quarter. KBC Group NV’s holdings in Xylem were worth $98,402,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Morgan Stanley grew its holdings in shares of Xylem by 11.5% during the 3rd quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company’s stock valued at $412,267,000 after purchasing an additional 466,911 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Xylem by 35.1% during the third quarter. Invesco Ltd. now owns 4,182,821 shares of the industrial products company’s stock valued at $380,762,000 after purchasing an additional 1,086,102 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Xylem by 10.6% in the third quarter. Royal Bank of Canada now owns 3,408,200 shares of the industrial products company’s stock valued at $310,249,000 after buying an additional 327,383 shares during the period. Baillie Gifford & Co. boosted its position in Xylem by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 3,066,639 shares of the industrial products company’s stock worth $350,701,000 after buying an additional 69,619 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Xylem by 4.0% during the third quarter. Northern Trust Corp now owns 2,617,441 shares of the industrial products company’s stock worth $238,266,000 after purchasing an additional 100,728 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

Shares of XYL stock traded down $3.39 during trading on Monday, hitting $137.63. The company had a trading volume of 1,087,145 shares, compared to its average volume of 1,230,221. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The stock has a market capitalization of $33.37 billion, a price-to-earnings ratio of 50.19, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average is $134.62 and its two-hundred day moving average is $122.34.

Xylem (NYSE:XYLGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The company’s revenue for the quarter was up 40.4% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share. As a group, analysts predict that Xylem Inc. will post 4.24 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, May 30th. Xylem’s payout ratio is presently 51.25%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XYL. Stifel Nicolaus raised their price target on shares of Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Argus boosted their target price on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Citigroup increased their target price on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. BNP Paribas started coverage on Xylem in a report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price target on the stock. Finally, Robert W. Baird upped their price target on Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average target price of $143.36.

Get Our Latest Stock Report on XYL

Xylem Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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