DekaBank Deutsche Girozentrale Sells 8,721 Shares of Xylem Inc. (NYSE:XYL)

DekaBank Deutsche Girozentrale lowered its stake in Xylem Inc. (NYSE:XYL) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,656,369 shares of the industrial products company’s stock after selling 8,721 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Xylem were worth $222,716,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Swedbank AB purchased a new stake in Xylem in the 1st quarter worth approximately $311,684,000. Sei Investments Co. raised its position in shares of Xylem by 56.4% in the first quarter. Sei Investments Co. now owns 1,013,314 shares of the industrial products company’s stock worth $130,961,000 after buying an additional 365,420 shares in the last quarter. LPL Financial LLC raised its position in shares of Xylem by 246.6% in the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after buying an additional 230,878 shares in the last quarter. Jennison Associates LLC bought a new stake in Xylem during the first quarter valued at $29,234,000. Finally, TCW Group Inc. grew its position in 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 buying an additional 206,350 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

XYL has been the subject of several recent analyst reports. TD Cowen reissued a “hold” rating and set a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. UBS Group initiated coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. Stifel Nicolaus lifted their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada upped their price objective on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird lifted their target price on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.67.

Xylem Stock Performance

Xylem stock opened at $130.42 on Friday. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a market capitalization of $31.68 billion, a P/E ratio of 41.27, a PEG ratio of 2.31 and a beta of 1.04. The stock’s 50 day moving average is $133.67 and its 200 day moving average is $135.24. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19.

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

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio is currently 45.57%.

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.