Victory Capital Management Inc. Increases Holdings in Xylem Inc. (NYSE:XYL)

Victory Capital Management Inc. lifted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 9.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,627,279 shares of the industrial products company's stock after purchasing an additional 137,883 shares during the quarter. Victory Capital Management Inc. owned 0.67% of Xylem worth $219,731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Swedbank AB bought a new stake in shares of Xylem during the first quarter valued at approximately $311,684,000. LPL Financial LLC grew its position in shares of Xylem by 246.6% in the 2nd 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 during the period. TCW Group Inc. grew its position in shares of Xylem by 189.2% in the 2nd 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 during the period. Marshall Wace LLP grew its holdings in Xylem by 433.0% in the second quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company's stock worth $31,070,000 after purchasing an additional 186,105 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in Xylem in the first quarter worth about $23,263,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

NYSE:XYL traded up $0.16 on Tuesday, hitting $124.79. The stock had a trading volume of 2,146,111 shares, compared to its average volume of 1,196,815. 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 stock has a market cap of $30.32 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. The business's 50-day simple moving average is $131.21 and its two-hundred day simple moving average is $134.99. Xylem Inc. has a 52-week low of $98.21 and a 52-week 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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The firm's revenue was up .2% compared to the same quarter last year. As a group, research analysts predict that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem's dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

Several analysts recently weighed in on XYL shares. Robert W. Baird cut their price target on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. UBS Group initiated coverage on Xylem in a research note on Tuesday, August 13th. They issued a "buy" rating and a $165.00 target price on the stock. TD Cowen cut their price objective on shares of Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus increased their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada cut their price target 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 nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $147.17.

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.