Impax Asset Management Group plc Has $226.56 Million Stock Position in Xylem Inc. (NYSE:XYL)

Impax Asset Management Group plc increased its holdings in shares of Xylem Inc. (NYSE:XYL) by 1.0% in the third quarter, HoldingsChannel reports. The firm owned 1,677,816 shares of the industrial products company’s stock after buying an additional 15,825 shares during the period. Impax Asset Management Group plc’s holdings in Xylem were worth $226,555,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Swedbank AB grew its holdings in Xylem by 22.8% during the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares during the period. Mirova US LLC grew its holdings in Xylem by 2.0% during the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after purchasing an additional 36,013 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Xylem by 2.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock worth $227,364,000 after purchasing an additional 36,601 shares during the period. Dimensional Fund Advisors LP grew its holdings in Xylem by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock worth $199,930,000 after purchasing an additional 113,571 shares during the period. Finally, abrdn plc grew its holdings in Xylem by 2.2% during the third quarter. abrdn plc now owns 1,083,405 shares of the industrial products company’s stock worth $145,030,000 after purchasing an additional 23,736 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on XYL. Robert W. Baird reduced their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday. Stifel Nicolaus boosted their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen restated a “hold” rating and set a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. Royal Bank of Canada reduced their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday. Finally, UBS Group began coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.25.

Xylem Trading Up 1.2 %

Shares of XYL stock opened at $120.84 on Tuesday. 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 stock has a market cap of $29.36 billion, a P/E ratio of 35.33, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. The stock has a 50 day simple moving average of $132.78 and a 200 day simple moving average of $135.24. Xylem Inc. has a 1 year low of $95.35 and a 1 year high of $146.08.

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

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.19%. Xylem’s dividend payout ratio is currently 42.11%.

About Xylem

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.