Pacer Advisors Inc. Has $2.21 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Pacer Advisors Inc. lessened its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 29.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,489 shares of the industrial products company's stock after selling 7,898 shares during the period. Pacer Advisors Inc.'s holdings in Xylem were worth $2,209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Northern Trust Corp lifted its position in shares of Xylem by 42.0% in the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock valued at $379,204,000 after acquiring an additional 966,399 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Xylem by 390.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock valued at $122,009,000 after buying an additional 813,100 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Xylem in the first quarter valued at about $89,828,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Xylem in the fourth quarter valued at about $83,139,000. Finally, GAMMA Investing LLC boosted its holdings in Xylem by 15,322.5% in the first quarter. GAMMA Investing LLC now owns 506,630 shares of the industrial products company's stock valued at $60,522,000 after purchasing an additional 503,345 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank Of Canada increased their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Raymond James Financial raised Xylem to a "hold" rating in a report on Thursday, May 15th. Stifel Nicolaus raised their price target on Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a report on Friday. JPMorgan Chase & Co. assumed coverage on Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target on the stock. Finally, Robert W. Baird cut their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.14.

Xylem Stock Performance

XYL traded down $2.58 during trading hours on Friday, hitting $142.04. The company's stock had a trading volume of 2,023,902 shares, compared to its average volume of 1,508,948. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $144.83. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $34.57 billion, a PE ratio of 38.18, a PEG ratio of 2.37 and a beta of 1.12. The company has a 50-day simple moving average of $129.08 and a 200 day simple moving average of $124.10.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.11. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The company had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same period last year, the firm earned $1.09 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem's dividend payout ratio (DPR) is currently 43.01%.

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.