Quarry LP Grows Stake in Xylem Inc. (NYSE:XYL)

Quarry LP boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 92.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,439 shares of the industrial products company’s stock after purchasing an additional 693 shares during the period. Quarry LP’s holdings in Xylem were worth $194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Swedbank AB grew its stake in shares of Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after buying an additional 554,609 shares during the period. Erste Asset Management GmbH purchased a new position in Xylem during the 3rd quarter worth $68,593,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Xylem in the third quarter valued at about $52,169,000. Champlain Investment Partners LLC raised its position in Xylem by 17.8% during the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock worth $223,851,000 after acquiring an additional 249,975 shares during the last quarter. Finally, 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 worth $44,012,000 after acquiring an additional 230,878 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on XYL shares. TD Cowen lowered their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada cut their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Robert W. Baird cut their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, UBS Group initiated coverage on shares of Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Trading Down 1.0 %

Shares of Xylem stock opened at $126.23 on Friday. Xylem Inc. has a 12-month low of $105.26 and a 12-month high of $146.08. The stock has a market cap of $30.67 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.35 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $128.99 and its 200-day moving average is $133.39.

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

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.14%. Xylem’s 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.