Kanawha Capital Management LLC Buys 583 Shares of Xylem Inc. (NYSE:XYL)

Kanawha Capital Management LLC grew its stake in Xylem Inc. (NYSE:XYL) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,178 shares of the industrial products company’s stock after acquiring an additional 583 shares during the quarter. Kanawha Capital Management LLC’s holdings in Xylem were worth $4,778,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XYL. Swedbank AB lifted its holdings in shares of Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after purchasing an additional 691,618 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Xylem during the third quarter valued at $68,593,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Xylem in the third quarter valued at about $52,169,000. Champlain Investment Partners LLC lifted its holdings in 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 acquiring an additional 249,975 shares during the period. Finally, State Street Corp lifted its holdings in Xylem by 1.9% in the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after acquiring an additional 189,820 shares during the period. 87.96% of the stock is owned by institutional investors.

Xylem Stock Performance

NYSE XYL opened at $131.23 on Friday. The stock has a market capitalization of $31.88 billion, a PE ratio of 35.86, a P/E/G ratio of 2.36 and a beta of 1.07. The business has a 50 day simple moving average of $121.27 and a two-hundred day simple moving average of $127.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.42. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.99 EPS. On average, research analysts predict that Xylem Inc. will post 4.66 EPS for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. This is a positive change from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is presently 39.34%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XYL. Robert W. Baird upped their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Royal Bank of Canada reduced their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup cut Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, TD Cowen cut their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.