Xylem Inc. (NYSE:XYL) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in Xylem Inc. (NYSE:XYL) by 16.5% during the third quarter, Holdings Channel reports. The institutional investor owned 547,435 shares of the industrial products company’s stock after buying an additional 77,639 shares during the period. BNP Paribas Financial Markets’ holdings in Xylem were worth $73,920,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Xylem by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 325,496 shares of the industrial products company’s stock worth $42,068,000 after purchasing an additional 1,732 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Xylem by 13.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 8,869 shares of the industrial products company’s stock worth $1,146,000 after purchasing an additional 1,083 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Xylem by 15.0% during the first quarter. Tidal Investments LLC now owns 33,847 shares of the industrial products company’s stock worth $4,374,000 after buying an additional 4,417 shares during the last quarter. Wahed Invest LLC grew its holdings in shares of Xylem by 14.6% during the first quarter. Wahed Invest LLC now owns 4,637 shares of the industrial products company’s stock worth $599,000 after buying an additional 590 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Xylem during the first quarter worth about $1,283,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Price Performance

XYL stock opened at $125.60 on Thursday. The firm has a 50 day moving average of $129.89 and a 200-day moving average of $134.00. Xylem Inc. has a 12-month low of $102.63 and a 12-month high of $146.08. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The company has a market cap of $30.51 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 2.29 and a beta of 1.05.

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

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.15%. Xylem’s payout ratio is 42.11%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Robert W. Baird lowered their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus raised their price target on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen lowered their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada lowered their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, UBS Group began coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.64.

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.