King Luther Capital Management Corp Has $113.04 Million Stake in Xylem Inc. (NYSE:XYL)

King Luther Capital Management Corp raised its holdings in Xylem Inc. (NYSE:XYL) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 974,322 shares of the industrial products company’s stock after purchasing an additional 14,699 shares during the quarter. King Luther Capital Management Corp owned approximately 0.40% of Xylem worth $113,041,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Rialto Wealth Management LLC bought a new stake in shares of Xylem during the fourth quarter worth $31,000. Heck Capital Advisors LLC acquired a new position in Xylem in the fourth quarter valued at about $36,000. Pathway Financial Advisers LLC boosted its position in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock worth $37,000 after buying an additional 175 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock worth $37,000 after buying an additional 130 shares during the period. Finally, Assetmark Inc. raised its holdings in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 311 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

XYL stock opened at $128.34 on Tuesday. The stock has a 50-day moving average price of $124.24 and a 200-day moving average price of $126.95. Xylem Inc. has a 1-year low of $113.26 and a 1-year 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 $31.19 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.18 billion. During the same quarter in the previous year, the business earned $0.99 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders 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 yield of 1.25%. Xylem’s payout ratio is presently 43.72%.

Analyst Upgrades and Downgrades

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