TT International Asset Management LTD Has $2.98 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

TT International Asset Management LTD grew its holdings in Xylem Inc. (NYSE:XYL) by 70.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,653 shares of the industrial products company’s stock after buying an additional 10,608 shares during the period. Xylem accounts for about 0.4% of TT International Asset Management LTD’s portfolio, making the stock its 27th biggest holding. TT International Asset Management LTD’s holdings in Xylem were worth $2,976,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in XYL. Swedbank AB lifted its position in shares of Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after buying an additional 554,609 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Xylem in the third quarter valued at approximately $68,593,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Xylem in the third quarter valued at approximately $52,169,000. Champlain Investment Partners LLC lifted its position in shares of Xylem by 17.8% in the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock valued at $223,851,000 after buying an additional 249,975 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Xylem by 246.6% during the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after purchasing an additional 230,878 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on XYL shares. Royal Bank of Canada dropped their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen lowered their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Robert W. Baird lowered their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Stifel Nicolaus decreased their price target on Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.20.

Xylem Stock Performance

Shares of Xylem stock opened at $113.94 on Monday. Xylem Inc. has a one year low of $109.39 and a one year high of $146.08. The firm has a market capitalization of $27.68 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 2.22 and a beta of 1.06. The business has a 50-day simple moving average of $121.65 and a 200 day simple moving average of $129.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company posted $0.99 EPS. The firm’s revenue was up .2% compared to the same quarter last year. On average, research analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

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.