Impax Asset Management Group plc Acquires 15,825 Shares of Xylem Inc. (NYSE:XYL)

Impax Asset Management Group plc raised its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,677,816 shares of the industrial products company's stock after buying an additional 15,825 shares during the period. Impax Asset Management Group plc owned about 0.69% of Xylem worth $226,555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB bought a new position in Xylem during the 1st quarter valued at approximately $311,684,000. Sei Investments Co. boosted its position in shares of Xylem by 56.4% in the first quarter. Sei Investments Co. now owns 1,013,314 shares of the industrial products company's stock worth $130,961,000 after purchasing an additional 365,420 shares during the period. LPL Financial LLC raised its holdings in Xylem by 246.6% during the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company's stock valued at $44,012,000 after acquiring an additional 230,878 shares during the period. Jennison Associates LLC bought a new stake in Xylem during the 1st quarter valued at approximately $29,234,000. Finally, TCW Group Inc. lifted its holdings in shares of Xylem by 189.2% in the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company's stock worth $42,778,000 after buying an additional 206,350 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on XYL shares. TD Cowen restated a "hold" rating and issued a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. UBS Group initiated coverage on Xylem in a report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price target for the company. Royal Bank of Canada reduced their price target on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a report on Friday. Robert W. Baird cut their price objective on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Stifel Nicolaus raised their price target on Xylem from $170.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and a consensus target price of $148.25.

Xylem Stock Performance

XYL stock traded up $1.44 during trading on Tuesday, reaching $122.28. 1,084,981 shares of the company's stock were exchanged, compared to its average volume of 1,189,266. The company's fifty day moving average price is $132.48 and its 200-day moving average price is $135.20. The firm has a market cap of $29.71 billion, a PE ratio of 35.75, a P/E/G ratio of 2.12 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1-year low of $95.35 and a 1-year high of $146.08.

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

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem's dividend payout ratio (DPR) 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.