DekaBank Deutsche Girozentrale Has $227.36 Million Position in Xylem Inc. (NYSE:XYL)

DekaBank Deutsche Girozentrale grew its holdings in Xylem Inc. (NYSE:XYL) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,665,090 shares of the industrial products company’s stock after buying an additional 36,601 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Xylem were worth $227,364,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in XYL. EverSource Wealth Advisors LLC increased its stake in Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 77 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Xylem by 3.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 79 shares in the last quarter. Addison Advisors LLC grew its stake in shares of Xylem by 5.8% in the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 82 shares during the period. Waycross Investment Management Co raised its holdings in shares of Xylem by 1.8% in the 2nd quarter. Waycross Investment Management Co now owns 4,895 shares of the industrial products company’s stock worth $664,000 after buying an additional 87 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of Xylem by 2.3% in the 1st quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock worth $522,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the topic of several recent analyst reports. Argus boosted their price target on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Oppenheimer boosted their target price on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Stifel Nicolaus increased their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen reissued a “hold” rating and set a $138.00 price target on shares of Xylem in a report on Tuesday, September 3rd. Finally, Royal Bank of Canada upped their price objective on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.54.

Xylem Price Performance

Shares of XYL stock opened at $131.01 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $31.82 billion, a price-to-earnings ratio of 46.62, a PEG ratio of 2.29 and a beta of 1.04. The firm’s 50 day moving average is $133.95 and its 200-day moving average is $133.85. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. Sell-side analysts forecast that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, August 29th. Xylem’s dividend payout ratio is 51.25%.

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.