IFM Investors Pty Ltd Boosts Holdings in Xylem Inc. (NYSE:XYL)

IFM Investors Pty Ltd raised its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 22.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,154 shares of the industrial products company's stock after purchasing an additional 10,501 shares during the quarter. IFM Investors Pty Ltd's holdings in Xylem were worth $7,853,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company's stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Bangor Savings Bank increased its stake in Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after purchasing an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Xylem during the second quarter worth $33,000. Blue Trust Inc. grew its holdings in shares of Xylem by 1,185.7% in 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 last quarter. Finally, FinTrust Capital Advisors LLC increased its stake in Xylem by 170.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company's stock worth $41,000 after buying an additional 200 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of Xylem stock traded down $0.23 during midday trading on Friday, hitting $130.42. The company had a trading volume of 643,878 shares, compared to its average volume of 1,180,040. The company has a fifty day simple moving average of $133.67 and a 200 day simple moving average of $135.24. The stock has a market cap of $31.68 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 2.31 and a beta of 1.04. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter last year, the company posted $0.98 earnings per share. The business's quarterly revenue was up 26.0% on a year-over-year basis. As a group, analysts predict that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, August 29th. Xylem's dividend payout ratio is presently 45.57%.

Wall Street Analyst Weigh In

XYL has been the subject of several research reports. Royal Bank of Canada boosted their price objective on shares of Xylem from $160.00 to $163.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. UBS Group started coverage on Xylem in a research note on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price objective on the stock. Stifel Nicolaus lifted their target price on Xylem from $170.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. TD Cowen reissued a "hold" rating and set a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Finally, Robert W. Baird lifted their price objective on Xylem from $155.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $149.67.

Xylem Company 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.