TCW Group Inc. Has $50.37 Million Position in Xylem Inc. (NYSE:XYL)

TCW Group Inc. raised its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 18.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 373,057 shares of the industrial products company's stock after acquiring an additional 57,657 shares during the quarter. TCW Group Inc. owned about 0.15% of Xylem worth $50,374,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XYL. Toronto Dominion Bank lifted its stake in shares of Xylem by 1.5% in the 3rd quarter. Toronto Dominion Bank now owns 122,129 shares of the industrial products company's stock valued at $16,491,000 after purchasing an additional 1,835 shares during the last quarter. TT International Asset Management LTD raised its holdings in Xylem by 77.9% during the third quarter. TT International Asset Management LTD now owns 15,045 shares of the industrial products company's stock valued at $2,031,000 after buying an additional 6,590 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Xylem in the third quarter worth about $968,000. Coldstream Capital Management Inc. boosted its stake in shares of Xylem by 34.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,459 shares of the industrial products company's stock worth $457,000 after acquiring an additional 882 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Xylem by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company's stock valued at $762,804,000 after acquiring an additional 54,877 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Stock Performance

XYL traded down $5.19 during trading on Wednesday, reaching $123.38. 2,268,546 shares of the company's stock were exchanged, compared to its average volume of 1,239,579. The company has a market capitalization of $29.98 billion, a P/E ratio of 36.57, a PEG ratio of 2.33 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. The business has a 50 day moving average price of $128.44 and a 200 day moving average price of $132.82. Xylem Inc. has a fifty-two week low of $106.52 and a fifty-two week high of $146.08.

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

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.17%. Xylem's dividend payout ratio is presently 42.11%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XYL. Robert W. Baird decreased their target price on Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a "buy" rating and a $165.00 target price on the stock. Stifel Nicolaus dropped their target price on shares of Xylem from $172.00 to $166.00 and set a "buy" rating on the stock in a report on Wednesday. Citigroup upgraded shares of Xylem from a "neutral" rating to a "buy" rating and upped their price target for the company from $135.00 to $148.00 in a report on Monday. Finally, TD Cowen dropped their price objective on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $149.91.

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.