Thrivent Financial for Lutherans Increases Stock Holdings in Xylem Inc. (NYSE:XYL)

Thrivent Financial for Lutherans raised its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 38.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,098 shares of the industrial products company's stock after acquiring an additional 19,816 shares during the quarter. Thrivent Financial for Lutherans' holdings in Xylem were worth $9,600,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in XYL. Swedbank AB bought a new stake in Xylem during the 1st quarter valued at approximately $311,684,000. LPL Financial LLC lifted its holdings in shares of Xylem by 246.6% in the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company's stock worth $44,012,000 after buying an additional 230,878 shares in the last quarter. TCW Group Inc. boosted its position in shares of Xylem by 189.2% during the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company's stock worth $42,778,000 after acquiring an additional 206,350 shares during the last quarter. Marshall Wace LLP grew its stake in Xylem by 433.0% during the second quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company's stock valued at $31,070,000 after acquiring an additional 186,105 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in Xylem in the 2nd quarter valued at $19,570,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Trading Up 1.2 %

XYL traded up $1.52 on Friday, reaching $126.88. 1,365,817 shares of the company traded hands, compared to its average volume of 1,218,491. 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 company has a market cap of $30.83 billion, a P/E ratio of 37.01, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. The firm has a fifty day simple moving average of $130.22 and a two-hundred day simple moving average of $134.40. Xylem Inc. has a one year low of $102.42 and a one year high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. Xylem's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 earnings per share. As a group, equities research analysts expect that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders 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 1.13%. The ex-dividend date is Tuesday, November 26th. Xylem's payout ratio is 42.11%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on XYL shares. TD Cowen cut their price objective on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research report on Wednesday, November 6th. UBS Group assumed 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 increased 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. Robert W. Baird reduced their price target on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Royal Bank of Canada reduced their target price 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $149.64.

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.