Worldquant Millennium Advisors LLC Invests $7.14 Million in Xylem Inc. (NYSE:XYL)

Worldquant Millennium Advisors LLC acquired a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 52,858 shares of the industrial products company's stock, valued at approximately $7,137,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bangor Savings Bank raised its position in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after purchasing an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in Xylem during the 2nd quarter worth $33,000. Blue Trust Inc. increased its position in Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock worth $35,000 after buying an additional 249 shares during the period. Assetmark Inc. lifted its stake in Xylem by 3,887.5% in the third 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 last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock valued at $46,000 after acquiring 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

A number of analysts recently weighed in on the stock. Robert W. Baird dropped their price objective on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. 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. UBS Group assumed coverage on Xylem in a research report on Tuesday, August 13th. They set a "buy" rating and a $165.00 price objective for the company. Finally, Royal Bank of Canada lowered their target price on Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Xylem presently has a consensus rating of "Moderate Buy" and an average price target of $149.64.

Xylem Price Performance

XYL stock traded up $0.14 during trading hours on Friday, hitting $126.37. 980,211 shares of the stock traded hands, compared to its average volume of 1,577,752. The stock has a 50-day simple moving average of $128.67 and a 200 day simple moving average of $133.11. The company has a market cap of $30.70 billion, a P/E ratio of 36.95, a P/E/G ratio of 2.33 and a beta of 1.05. Xylem Inc. has a one year low of $105.26 and a one year high of $146.08. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company earned $0.99 EPS. Xylem's revenue was up .2% on a year-over-year basis. Equities analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. Xylem's dividend payout ratio is currently 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.