KBC Group NV grew its stake in shares of Xylem Inc (NYSE:XYL) by 15.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 610,008 shares of the industrial products company’s stock after purchasing an additional 83,597 shares during the period. KBC Group NV’s holdings in Xylem were worth $41,603,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invictus RG acquired a new position in shares of Xylem during the third quarter valued at about $104,000. Hanson & Doremus Investment Management acquired a new position in shares of Xylem during the fourth quarter valued at about $126,000. FNY Partners Fund LP raised its position in shares of Xylem by 2,700.0% during the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after buying an additional 2,700 shares during the last quarter. UMB Bank N A MO acquired a new position in shares of Xylem during the fourth quarter valued at about $205,000. Finally, BTIM Corp. acquired a new position in shares of Xylem during the fourth quarter valued at about $206,000. 85.49% of the stock is owned by institutional investors and hedge funds.

Xylem Inc (NYSE XYL) opened at $70.82 on Friday. Xylem Inc has a 52-week low of $46.95 and a 52-week high of $76.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.88 and a quick ratio of 1.41. The stock has a market cap of $12,615.10, a PE ratio of 29.39, a P/E/G ratio of 1.34 and a beta of 1.20.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. analysts expect that Xylem Inc will post 2.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.19%. This is a boost from Xylem’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, February 14th. Xylem’s dividend payout ratio is currently 39.13%.

A number of research analysts have recently commented on XYL shares. Seaport Global Securities reaffirmed a “buy” rating on shares of Xylem in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Sunday, January 21st. Royal Bank of Canada reissued a “buy” rating and issued a $80.00 price target on shares of Xylem in a research report on Thursday, January 4th. Boenning Scattergood reissued a “buy” rating on shares of Xylem in a research report on Friday, December 15th. Finally, Oppenheimer reissued a “buy” rating on shares of Xylem in a research report on Tuesday, October 31st. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Xylem currently has an average rating of “Buy” and a consensus target price of $70.00.

In other Xylem news, insider Tomas Brannemo sold 2,260 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $67.75, for a total transaction of $153,115.00. Following the sale, the insider now directly owns 10,975 shares of the company’s stock, valued at $743,556.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven R. Loranger sold 17,139 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $68.10, for a total transaction of $1,167,165.90. Following the sale, the director now directly owns 26,150 shares in the company, valued at $1,780,815. The disclosure for this sale can be found here. Insiders have sold 67,507 shares of company stock worth $4,596,445 over the last ninety days. Insiders own 0.75% of the company’s stock.

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About Xylem

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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