Taika Capital LP raised its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,889 shares of the industrial products company's stock after purchasing an additional 6,237 shares during the period. Xylem accounts for 4.5% of Taika Capital LP's portfolio, making the stock its 4th largest holding. Taika Capital LP's holdings in Xylem were worth $5,926,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. State Street Corp increased its stake in Xylem by 1.9% in the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company's stock valued at $1,394,792,000 after acquiring an additional 189,820 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Xylem by 1.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company's stock worth $465,760,000 after buying an additional 32,645 shares during the period. Swedbank AB boosted its stake in Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock valued at $403,953,000 after buying an additional 554,609 shares in the last quarter. Mirova US LLC boosted its stake in shares of Xylem by 2.0% in the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company's stock valued at $254,526,000 after purchasing an additional 36,013 shares in the last quarter. Finally, Impax Asset Management Group plc grew its holdings in shares of Xylem by 1.0% in the 3rd quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company's stock worth $226,555,000 after purchasing an additional 15,825 shares during the last quarter. Institutional investors own 87.96% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on XYL. Royal Bank of Canada dropped their price target on Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Robert W. Baird lowered their price objective on shares of 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 initiated coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a "buy" rating and a $165.00 target price on the stock. Finally, TD Cowen lowered their price target on shares of Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $149.64.
Get Our Latest Research Report on Xylem
Xylem Trading Up 0.0 %
Xylem stock traded up $0.05 during midday trading on Friday, hitting $126.28. 420,912 shares of the stock were exchanged, compared to its average volume of 1,227,617. Xylem Inc. has a 52 week low of $105.26 and a 52 week high of $146.08. 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 capitalization of $30.68 billion, a PE ratio of 36.91, a P/E/G ratio of 2.35 and a beta of 1.05. The company has a fifty day simple moving average of $128.83 and a two-hundred day simple moving average of $133.34.
Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts' consensus estimates of $1.11. The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. Equities research analysts anticipate that Xylem Inc. will post 4.23 EPS for the current fiscal year.
Xylem Announces Dividend
The business 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. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.14%. Xylem's dividend payout ratio (DPR) is currently 42.11%.
Xylem Company Profile
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Free Report)
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.
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