XTX Topco Ltd Invests $321,000 in Xylem Inc. (NYSE:XYL)

Key Points

• XTX Topco Ltd has acquired a new position in Xylem Inc., investing approximately $321,000 to purchase 2,686 shares in the first quarter.
• Analyst ratings are predominantly positive, with seven analysts$151.57.
• Xylem recently announced a quarterly dividend of $0.40 per share, translating to an annualized yield of 1.1% and a payout ratio of 41.56%.

XTX Topco Ltd acquired a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,686 shares of the industrial products company's stock, valued at approximately $321,000.

A number of other large investors also recently modified their holdings of XYL. Northern Trust Corp boosted its stake in shares of Xylem by 42.0% during the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after buying an additional 966,399 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Xylem by 390.5% in the 1st 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 purchasing an additional 813,100 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Xylem in the 1st quarter valued at about $89,828,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Xylem in the 4th quarter valued at about $83,139,000. Finally, GAMMA Investing LLC raised its holdings in shares of Xylem by 15,322.5% in the 1st 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 period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup reaffirmed a "buy" rating and issued a $152.00 target price (up from $137.00) on shares of Xylem in a report on Monday, July 14th. Royal Bank Of Canada upped their target price on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Wall Street Zen raised shares of Xylem from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group upped their target price on shares of Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Robert W. Baird dropped their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Xylem presently has an average rating of "Moderate Buy" and an average target price of $151.57.

Xylem Stock Down 0.5%

Xylem stock opened at $142.71 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The company's 50-day moving average price is $131.23 and its two-hundred day moving average price is $125.16. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33. The stock has a market cap of $34.74 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.48 and a beta of 1.11.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the company posted $1.09 earnings per share. Xylem's revenue was up 6.1% compared to the same quarter last year. As a group, analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 29th. Xylem's dividend payout ratio is presently 41.56%.

About Xylem

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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