Algert Global LLC Purchases 27,976 Shares of Xylem Inc. (NYSE:XYL)

Algert Global LLC lifted its holdings in shares of Xylem Inc. (NYSE:XYL) by 798.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,481 shares of the industrial products company’s stock after acquiring an additional 27,976 shares during the quarter. Algert Global LLC’s holdings in Xylem were worth $4,251,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Swedbank AB acquired a new position in shares of Xylem in the first quarter valued at $311,684,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Xylem in the 3rd quarter valued at about $52,169,000. Champlain Investment Partners LLC raised its holdings in Xylem by 17.8% in 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 acquiring an additional 249,975 shares during the period. LPL Financial LLC lifted 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. Finally, TCW Group Inc. boosted its holdings in shares of Xylem by 189.2% during the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock worth $42,778,000 after acquiring an additional 206,350 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on XYL shares. Stifel Nicolaus lifted their price target on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird reduced 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. TD Cowen lowered their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, Royal Bank of Canada decreased their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.64.

Xylem Stock Up 1.2 %

NYSE XYL opened at $126.87 on Monday. The business has a fifty day moving average price of $130.14 and a two-hundred day moving average price of $134.22. The stock has a market capitalization of $30.82 billion, a PE ratio of 37.10, a PEG ratio of 2.34 and a beta of 1.05. Xylem Inc. has a fifty-two week low of $102.42 and a fifty-two week 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 announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company earned $0.99 EPS. Xylem’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

Xylem Company 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.