Mesirow Financial Investment Management Inc. Buys 16,047 Shares of Xylem Inc. (NYSE:XYL)

Mesirow Financial Investment Management Inc. boosted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 99.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,130 shares of the industrial products company's stock after purchasing an additional 16,047 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in Xylem were worth $4,338,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Carr Financial Group Corp boosted its stake in shares of Xylem by 16.8% in the 3rd quarter. Carr Financial Group Corp now owns 3,639 shares of the industrial products company's stock valued at $491,000 after purchasing an additional 524 shares in the last quarter. Atria Investments Inc grew its stake in Xylem by 3.4% during the third quarter. Atria Investments Inc now owns 36,783 shares of the industrial products company's stock worth $4,967,000 after buying an additional 1,216 shares during the last quarter. Assetmark Inc. increased its holdings in shares of 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 buying an additional 311 shares in the last quarter. AIA Group Ltd boosted its holdings in shares of Xylem by 8.1% in the 3rd quarter. AIA Group Ltd now owns 1,877 shares of the industrial products company's stock worth $253,000 after acquiring an additional 141 shares in the last quarter. Finally, Smith Thornton Advisors LLC grew its position in Xylem by 6.1% during the 3rd quarter. Smith Thornton Advisors LLC now owns 2,948 shares of the industrial products company's stock worth $398,000 after acquiring an additional 170 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on XYL shares. Royal Bank of Canada decreased their price objective on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Robert W. Baird lowered their target price on Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. TD Cowen dropped their target price on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus increased their price target on Xylem from $170.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, UBS Group started coverage on shares of Xylem in a research note on Tuesday, August 13th. They set a "buy" rating and a $165.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Xylem has an average rating of "Moderate Buy" and a consensus price target of $147.17.

Xylem Price Performance

XYL traded up $0.26 during trading on Monday, hitting $124.63. 1,162,435 shares of the stock traded hands, compared to its average volume of 1,191,873. The business has a 50 day moving average price of $131.47 and a 200 day moving average price of $135.03. The company has a market cap of $30.28 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 2.29 and a beta of 1.05. Xylem Inc. has a twelve month low of $98.21 and a twelve month high of $146.08. 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 - Get Free Report) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 earnings per share. Equities research analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. Xylem's payout ratio is presently 42.11%.

Xylem Profile

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.