Xylem Inc. (NYSE:XYL) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its stake in shares of Xylem Inc. (NYSE:XYL) by 22.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,154 shares of the industrial products company’s stock after acquiring an additional 10,501 shares during the period. IFM Investors Pty Ltd’s holdings in Xylem were worth $7,853,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Bangor Savings Bank raised its stake in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after buying an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Xylem in the 2nd quarter worth about $33,000. Blue Trust Inc. grew its stake in Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 249 shares during the last quarter. Finally, FinTrust Capital Advisors LLC increased its holdings in Xylem by 170.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 200 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada upped their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price on the stock. TD Cowen reissued a “hold” rating and issued a $138.00 price target on shares of Xylem in a report on Tuesday, September 3rd. Finally, Stifel Nicolaus increased their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.67.

Xylem Price Performance

Shares of NYSE:XYL opened at $130.40 on Friday. The company has a market cap of $31.67 billion, a P/E ratio of 41.27, a P/E/G ratio of 2.31 and a beta of 1.04. The business has a fifty day simple moving average of $133.67 and a 200-day simple moving average of $135.19. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm’s revenue was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. Equities research analysts forecast that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is 45.57%.

Xylem Company 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.