Robeco Institutional Asset Management B.V. Acquires 67,061 Shares of Xylem Inc. (NYSE:XYL)

Robeco Institutional Asset Management B.V. raised its holdings in Xylem Inc. (NYSE:XYL) by 27.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 314,964 shares of the industrial products company’s stock after buying an additional 67,061 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Xylem were worth $42,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Choreo LLC bought a new position in Xylem in the 1st quarter valued at about $220,000. Nordea Investment Management AB raised its position in Xylem by 10.5% in the 1st quarter. Nordea Investment Management AB now owns 22,820 shares of the industrial products company’s stock valued at $2,959,000 after buying an additional 2,170 shares during the last quarter. Larson Financial Group LLC lifted its stake in Xylem by 6,610.0% during the 1st quarter. Larson Financial Group LLC now owns 671 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 661 shares in the last quarter. Broderick Brian C grew its stake in shares of Xylem by 1.1% in the 1st quarter. Broderick Brian C now owns 70,213 shares of the industrial products company’s stock worth $9,074,000 after acquiring an additional 763 shares in the last quarter. Finally, Delaney Dennis R raised its holdings in shares of Xylem by 3.6% in the first quarter. Delaney Dennis R now owns 30,622 shares of the industrial products company’s stock valued at $3,958,000 after purchasing an additional 1,060 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. 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 decreased their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus boosted their price objective 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 reaffirmed a “hold” rating and set a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Finally, UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Four investment 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, Xylem currently has an average rating of “Moderate Buy” and an average target price of $148.25.

Xylem Trading Up 1.2 %

Shares of XYL opened at $122.28 on Wednesday. Xylem Inc. has a twelve month low of $95.35 and a twelve month high of $146.08. The stock has a market cap of $29.71 billion, a PE ratio of 35.75, a P/E/G ratio of 2.12 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 price is $132.48 and its 200-day moving average price is $135.20.

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

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio is 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.