Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Xylem Inc. (NYSE:XYL)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Xylem Inc. (NYSE:XYL) by 3.1% during the 3rd quarter, Holdings Channel reports. The firm owned 606,168 shares of the industrial products company’s stock after buying an additional 18,347 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Xylem were worth $81,851,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of XYL. Swedbank AB grew its position 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 worth $403,953,000 after buying an additional 554,609 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Xylem in the third quarter valued at $52,169,000. Champlain Investment Partners LLC increased its position in Xylem by 17.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock valued at $223,851,000 after purchasing an additional 249,975 shares during the period. LPL Financial LLC raised its holdings in Xylem by 246.6% in the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after purchasing an additional 230,878 shares in the last quarter. Finally, TCW Group Inc. boosted its stake in shares of Xylem by 189.2% during the 2nd quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock valued at $42,778,000 after purchasing an additional 206,350 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on XYL. Robert W. Baird decreased their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus increased their target price on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada reduced their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, UBS Group assumed coverage on Xylem in a research 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 eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Stock Up 0.9 %

NYSE:XYL opened at $125.60 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The firm has a market cap of $30.51 billion, a P/E ratio of 36.73, a P/E/G ratio of 2.29 and a beta of 1.05. Xylem Inc. has a fifty-two week low of $102.63 and a fifty-two week high of $146.08. The firm has a 50-day simple moving average of $129.89 and a two-hundred day simple moving average of $134.00.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. Analysts predict that Xylem Inc. will post 4.23 earnings per share 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 issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Tuesday, November 26th. Xylem’s payout ratio is presently 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.