Perpetual Ltd Reduces Position in Xylem Inc. (NYSE:XYL)

Perpetual Ltd reduced its stake in Xylem Inc. (NYSE:XYL) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,648 shares of the industrial products company’s stock after selling 4,280 shares during the quarter. Perpetual Ltd owned about 0.07% of Xylem worth $18,638,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in XYL. Brighton Jones LLC acquired a new stake in shares of Xylem during the 2nd quarter worth about $206,000. Benjamin F. Edwards & Company Inc. grew its stake in Xylem by 30.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,474 shares of the industrial products company’s stock worth $1,421,000 after acquiring an additional 2,417 shares during the period. Canada Pension Plan Investment Board raised its holdings in Xylem by 1.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 164,580 shares of the industrial products company’s stock valued at $22,322,000 after acquiring an additional 1,973 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Xylem by 81.7% during the 2nd quarter. Pacer Advisors Inc. now owns 32,202 shares of the industrial products company’s stock worth $4,368,000 after purchasing an additional 14,480 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Xylem by 399.2% during the second quarter. Thrivent Financial for Lutherans now owns 51,282 shares of the industrial products company’s stock worth $6,955,000 after purchasing an additional 41,010 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on XYL. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup cut their target price on Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. TD Cowen lowered their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Robert W. Baird cut their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Royal Bank of Canada lowered their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.10.

Xylem Trading Up 0.7 %

Xylem stock opened at $119.84 on Tuesday. The firm has a 50-day moving average price of $120.98 and a two-hundred day moving average price of $128.68. The firm has a market capitalization of $29.11 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.99 and a beta of 1.06. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52-week low of $109.70 and a 52-week high of $146.08.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate 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 firm’s revenue was up .2% compared to the same quarter last year. Sell-side analysts expect that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.20%. Xylem’s dividend payout ratio 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.