Neo Ivy Capital Management Acquires Shares of 7,162 Xylem Inc. (NYSE:XYL)

Neo Ivy Capital Management acquired a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,162 shares of the industrial products company's stock, valued at approximately $968,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital lifted its stake in Xylem by 6.6% in the second quarter. Wedmont Private Capital now owns 2,160 shares of the industrial products company's stock valued at $299,000 after acquiring an additional 134 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Xylem by 9.6% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 3,482 shares of the industrial products company's stock worth $472,000 after acquiring an additional 305 shares during the period. Swedbank AB increased its holdings in shares of Xylem by 1.0% during the 2nd quarter. Swedbank AB now owns 2,436,974 shares of the industrial products company's stock worth $330,527,000 after acquiring an additional 25,308 shares during the last quarter. LA Financiere DE L Echiquier acquired a new stake in Xylem during the 2nd quarter valued at $3,002,000. Finally, Blue Trust Inc. boosted its position in Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock worth $35,000 after purchasing an additional 249 shares during the period. 87.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on XYL. Royal Bank of Canada cut their target price on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Citigroup upgraded Xylem from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $135.00 to $148.00 in a report on Monday. Stifel Nicolaus dropped their price target on Xylem from $172.00 to $166.00 and set a "buy" rating for the company in a report on Wednesday. Robert W. Baird decreased their price objective on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Finally, 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 report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $149.91.

Xylem Price Performance

Shares of XYL traded down $2.31 during midday trading on Thursday, hitting $121.07. 1,576,237 shares of the company traded hands, compared to its average volume of 1,240,988. Xylem Inc. has a one year low of $106.52 and a one year 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. The firm has a market cap of $29.41 billion, a P/E ratio of 35.40, a PEG ratio of 2.37 and a beta of 1.05. The stock has a 50-day moving average of $127.98 and a 200-day moving average of $132.67.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. Xylem's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. As a group, sell-side analysts predict that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem's dividend payout ratio is presently 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.