Victory Capital Management Inc. Increases Stake in Xylem Inc. (NYSE:XYL)

Victory Capital Management Inc. lifted its position in Xylem Inc. (NYSE:XYL) by 9.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,627,279 shares of the industrial products company’s stock after acquiring an additional 137,883 shares during the period. Victory Capital Management Inc.’s holdings in Xylem were worth $219,731,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Swedbank AB purchased a new position in shares of Xylem during the 1st quarter worth $311,684,000. LPL Financial LLC lifted its holdings 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 purchasing an additional 230,878 shares in the last quarter. TCW Group Inc. increased its stake in shares of Xylem by 189.2% in the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock worth $42,778,000 after purchasing an additional 206,350 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Xylem by 433.0% in the second quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company’s stock worth $31,070,000 after purchasing an additional 186,105 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Xylem during the 1st quarter valued at $23,263,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased 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. TD Cowen decreased their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Stifel Nicolaus increased their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. UBS Group assumed coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. Finally, Robert W. Baird dropped their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.17.

Xylem Stock Performance

XYL stock traded up $0.48 during midday trading on Tuesday, hitting $125.11. 955,592 shares of the stock traded hands, compared to its average volume of 1,190,797. The stock’s fifty day simple moving average is $131.21 and its 200-day simple moving average is $134.99. The firm has a market cap of $30.39 billion, a P/E ratio of 36.64, a PEG ratio of 2.29 and a beta of 1.05. Xylem Inc. has a 1-year low of $98.21 and a 1-year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

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

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s payout ratio is 42.11%.

Xylem 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.