First Pacific Financial Increases Stake in Xylem Inc. (NYSE:XYL)

First Pacific Financial boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,565 shares of the industrial products company’s stock after acquiring an additional 130 shares during the quarter. First Pacific Financial’s holdings in Xylem were worth $1,022,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of XYL. Swedbank AB purchased a new position in Xylem during the first quarter valued at approximately $311,684,000. Sei Investments Co. raised its position in Xylem by 56.4% during the first quarter. Sei Investments Co. now owns 1,013,314 shares of the industrial products company’s stock valued at $130,961,000 after acquiring an additional 365,420 shares in the last quarter. Wellington Management Group LLP raised its position in Xylem by 40.6% during the fourth quarter. Wellington Management Group LLP now owns 1,255,528 shares of the industrial products company’s stock valued at $143,582,000 after acquiring an additional 362,840 shares in the last quarter. LPL Financial LLC raised its position in Xylem by 246.6% during the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock valued at $44,012,000 after acquiring an additional 230,878 shares in the last quarter. Finally, Jennison Associates LLC purchased a new stake in shares of Xylem in the first quarter valued at approximately $29,234,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Trading Down 0.4 %

Shares of XYL stock traded down $0.50 on Tuesday, hitting $136.74. The stock had a trading volume of 899,728 shares, compared to its average volume of 1,192,824. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The firm has a market capitalization of $33.15 billion, a P/E ratio of 49.00, a P/E/G ratio of 2.36 and a beta of 1.04. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $146.08. The company’s 50 day moving average price is $133.02 and its 200-day moving average price is $134.97.

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

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.05%. Xylem’s dividend payout ratio (DPR) is 51.25%.

Analysts Set New Price Targets

XYL has been the subject of a number of recent analyst reports. UBS Group initiated coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Royal Bank of Canada boosted their price objective on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their price objective on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, TD Cowen restated a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research report on Tuesday, September 3rd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.67.

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.