ABN AMRO Bank N.V. Increases Position in Xylem Inc. $XYL

ABN AMRO Bank N.V. lifted its position in shares of Xylem Inc. (NYSE:XYL) by 2.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,637,096 shares of the industrial products company’s stock after buying an additional 36,992 shares during the quarter. Xylem makes up 2.4% of ABN AMRO Bank N.V.’s holdings, making the stock its 13th largest holding. ABN AMRO Bank N.V.’s holdings in Xylem were worth $240,511,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of Xylem by 14.4% in the first quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock valued at $3,645,000 after acquiring an additional 3,900 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Xylem by 3.3% during the first quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 132 shares in the last quarter. Empowered Funds LLC raised its stake in Xylem by 56.1% during the 1st quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock valued at $1,037,000 after purchasing an additional 3,120 shares during the period. Ameritas Advisory Services LLC purchased a new position in Xylem in the 2nd quarter worth approximately $58,000. Finally, KLP Kapitalforvaltning AS boosted its stake in Xylem by 0.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 184,103 shares of the industrial products company’s stock worth $23,816,000 after purchasing an additional 900 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 0.8%

Shares of NYSE:XYL opened at $139.71 on Thursday. The company has a market cap of $34.02 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 1.97 and a beta of 1.17. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $154.27. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $139.47 and a 200 day moving average price of $141.98.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, November 25th were issued a $0.40 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Xylem’s payout ratio is 41.13%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Xylem in a research report on Monday, December 29th. Royal Bank Of Canada lifted their price target on shares of Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. UBS Group boosted their price target on shares of Xylem from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Citigroup raised their price objective on Xylem from $173.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, TD Cowen reiterated a “hold” rating on shares of Xylem in a research report on Friday, December 5th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.80.

Xylem Company Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.