Mountain Pacific Investment Advisers LLC lifted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 313,152 shares of the industrial products company's stock after purchasing an additional 2,060 shares during the quarter. Xylem accounts for about 2.8% of Mountain Pacific Investment Advisers LLC's holdings, making the stock its 10th largest position. Mountain Pacific Investment Advisers LLC owned about 0.13% of Xylem worth $37,409,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in XYL. Impax Asset Management Group plc raised its stake in shares of Xylem by 231.5% during the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after purchasing an additional 3,883,845 shares during the period. Norges Bank bought a new position in Xylem in the 4th quarter worth about $302,734,000. Northern Trust Corp increased its stake in Xylem by 42.0% in the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after acquiring an additional 966,399 shares during the last quarter. AMF Tjanstepension AB bought a new position in Xylem in the 4th quarter worth about $96,658,000. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Xylem in the 1st quarter worth about $89,828,000. 87.96% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on XYL shares. Robert W. Baird decreased their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus upped their target price on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Royal Bank Of Canada upped their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Raymond James Financial upgraded Xylem to a "hold" rating in a report on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.71.
View Our Latest Stock Report on Xylem
Xylem Trading Down 0.2%
XYL stock traded down $0.30 during trading on Thursday, hitting $125.07. 931,851 shares of the company traded hands, compared to its average volume of 1,400,127. The firm has a market capitalization of $30.44 billion, a PE ratio of 33.62, a P/E/G ratio of 2.28 and a beta of 1.13. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $143.50. The company has a 50-day moving average of $121.60 and a 200-day moving average of $121.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89.
Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. Xylem's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 EPS. Analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.
Xylem Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio is presently 43.01%.
About Xylem
(
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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