Taika Capital LP Has $5.93 Million Position in Xylem Inc. (NYSE:XYL)

Taika Capital LP boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 16.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,889 shares of the industrial products company’s stock after buying an additional 6,237 shares during the quarter. Xylem makes up about 4.5% of Taika Capital LP’s investment portfolio, making the stock its 4th largest holding. Taika Capital LP’s holdings in Xylem were worth $5,926,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. State Street Corp grew its position in Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after buying an additional 189,820 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Xylem by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock valued at $465,760,000 after buying an additional 32,645 shares during the period. Swedbank AB boosted its position in shares of Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares during the period. Mirova US LLC boosted its position in shares of Xylem by 2.0% in the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after purchasing an additional 36,013 shares during the period. Finally, Impax Asset Management Group plc increased its stake in shares of Xylem by 1.0% in the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock worth $226,555,000 after purchasing an additional 15,825 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XYL. TD Cowen reduced their price objective on shares of 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 objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. UBS Group began 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, Robert W. Baird reduced their price objective 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. Four investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Price Performance

XYL stock opened at $126.23 on Friday. Xylem Inc. has a 52 week low of $105.26 and a 52 week high of $146.08. 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 company has a fifty day simple moving average of $128.83 and a two-hundred day simple moving average of $133.34. The firm has a market capitalization of $30.67 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. Xylem’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 earnings per share. Analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders 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 annualized dividend and a dividend yield of 1.14%. Xylem’s dividend payout ratio (DPR) is presently 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.