Edgestream Partners L.P. Acquires 13,329 Shares of Xylem Inc. (NYSE:XYL)

Edgestream Partners L.P. raised its holdings in Xylem Inc. (NYSE:XYL) by 53.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,399 shares of the industrial products company’s stock after buying an additional 13,329 shares during the quarter. Edgestream Partners L.P.’s holdings in Xylem were worth $5,208,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Xylem by 1,503.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after buying an additional 1,547,043 shares during the last quarter. Duality Advisers LP bought a new stake in shares of Xylem during the first quarter valued at approximately $6,746,000. Vanguard Group Inc. boosted its position in shares of Xylem by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after purchasing an additional 187,847 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Xylem by 12.9% during the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock valued at $43,737,000 after purchasing an additional 38,603 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Xylem by 1.4% during the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock valued at $50,902,000 after purchasing an additional 5,477 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XYL has been the topic of several research reports. Robert W. Baird lifted their price target on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Oppenheimer lifted their price target on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Royal Bank of Canada lifted their price target on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Argus lifted their price objective on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, TD Cowen reiterated a “hold” rating and set a $138.00 price objective on shares of Xylem in a research note on Tuesday, September 3rd. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and an average price target of $147.54.

Xylem Stock Up 0.3 %

XYL stock opened at $133.14 on Wednesday. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08. The business has a fifty day moving average price of $133.86 and a 200-day moving average price of $134.04. 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 stock has a market capitalization of $32.34 billion, a P/E ratio of 47.38, a P/E/G ratio of 2.34 and a beta of 1.04.

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

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

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.