TT International Asset Management LTD Acquires 6,590 Shares of Xylem Inc. (NYSE:XYL)

TT International Asset Management LTD increased its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 77.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,045 shares of the industrial products company's stock after acquiring an additional 6,590 shares during the quarter. TT International Asset Management LTD's holdings in Xylem were worth $2,031,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in XYL. Bangor Savings Bank increased its stake in Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock valued at $32,000 after buying an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in Xylem in the 2nd quarter valued at approximately $33,000. Blue Trust Inc. increased its stake in Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock valued at $35,000 after buying an additional 249 shares during the period. Assetmark Inc. increased its stake in Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock valued at $43,000 after buying an additional 311 shares during the period. Finally, Catalyst Capital Advisors LLC increased its stake in Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock valued at $46,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on XYL shares. Citigroup upgraded shares of Xylem from a "neutral" rating to a "buy" rating and increased their price target for the stock from $135.00 to $148.00 in a research note on Monday. TD Cowen dropped their price target on shares of Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada decreased their price objective on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, November 1st. UBS Group assumed coverage on shares of Xylem in a report on Tuesday, August 13th. They set a "buy" rating and a $165.00 price objective for the company. Finally, Stifel Nicolaus decreased their price objective on shares of Xylem from $172.00 to $166.00 and set a "buy" rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and an average price target of $149.91.

Xylem Price Performance

XYL traded down $4.97 on Wednesday, hitting $123.60. 913,882 shares of the stock were exchanged, compared to its average volume of 1,233,588. 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 capitalization of $30.03 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 2.33 and a beta of 1.05. Xylem Inc. has a 12 month low of $106.52 and a 12 month high of $146.08. The business has a 50-day moving average of $128.44 and a two-hundred day moving average of $132.82.

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

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.17%. 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.