Xylem Inc. (NYSE:XYL) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC raised its stake in shares of Xylem Inc. (NYSE:XYL) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,022 shares of the industrial products company’s stock after purchasing an additional 504 shares during the quarter. Ballentine Partners LLC’s holdings in Xylem were worth $1,047,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its position in Xylem by 81.7% in the second quarter. Pacer Advisors Inc. now owns 32,202 shares of the industrial products company’s stock valued at $4,368,000 after buying an additional 14,480 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Xylem by 399.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 51,282 shares of the industrial products company’s stock valued at $6,955,000 after acquiring an additional 41,010 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Xylem by 5.8% in the second quarter. ProShare Advisors LLC now owns 43,676 shares of the industrial products company’s stock worth $5,924,000 after acquiring an additional 2,385 shares during the period. Frank Rimerman Advisors LLC raised its holdings in shares of Xylem by 22,544.4% during the second quarter. Frank Rimerman Advisors LLC now owns 2,038 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 2,029 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in Xylem by 77.3% during the second quarter. Public Sector Pension Investment Board now owns 9,410 shares of the industrial products company’s stock valued at $1,276,000 after purchasing an additional 4,103 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the subject of a number of recent research reports. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Citigroup reduced their price target on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Robert W. Baird lowered their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus cut their price objective on shares of Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. Finally, TD Cowen reduced 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.10.

Xylem Price Performance

NYSE:XYL opened at $121.63 on Thursday. The stock has a 50 day moving average price of $120.88 and a 200 day moving average price of $128.54. The stock has a market cap of $29.55 billion, a PE ratio of 35.56, a P/E/G ratio of 2.02 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. Xylem Inc. has a one year low of $111.66 and a one year high of $146.08.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS 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 company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. Xylem’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts expect that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were given a $0.36 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.18%. Xylem’s dividend payout ratio is currently 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.