Exchange Traded Concepts LLC Buys 19,728 Shares of Xylem Inc. (NYSE:XYL)

Exchange Traded Concepts LLC grew its position in shares of Xylem Inc. (NYSE:XYL) by 226.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,452 shares of the industrial products company’s stock after buying an additional 19,728 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Xylem were worth $3,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB grew its position in Xylem by 22.8% during the third 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 during the period. Erste Asset Management GmbH bought a new stake in shares of Xylem during the 3rd quarter valued at $68,593,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Xylem in the 3rd quarter worth $52,169,000. Champlain Investment Partners LLC raised its holdings in Xylem by 17.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock worth $223,851,000 after purchasing an additional 249,975 shares during the period. Finally, State Street Corp lifted its position in Xylem by 1.9% during 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 purchasing an additional 189,820 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XYL has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Robert W. Baird dropped their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup lowered their price objective on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, TD Cowen cut their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and an average price target of $150.50.

Xylem Stock Down 0.0 %

NYSE XYL opened at $121.53 on Friday. The stock has a 50 day moving average price of $120.88 and a 200-day moving average price of $128.37. Xylem Inc. has a one year low of $111.72 and a one year high of $146.08. The company has a market capitalization of $29.53 billion, a P/E ratio of 35.54, a P/E/G ratio of 2.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm posted $0.99 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts predict that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s payout ratio is 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.