Kornitzer Capital Management Inc. KS lowered its position in shares of Xylem Inc. (NYSE:XYL – Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,668 shares of the industrial products company’s stock after selling 1,400 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Xylem were worth $12,378,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in XYL. Swedbank AB bought a new position in shares of Xylem in the first quarter worth approximately $311,684,000. Sei Investments Co. raised its position in shares of Xylem by 56.4% during the 1st quarter. Sei Investments Co. now owns 1,013,314 shares of the industrial products company’s stock valued at $130,961,000 after buying an additional 365,420 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Xylem by 246.6% during the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after acquiring an additional 230,878 shares during the last quarter. TCW Group Inc. grew its position in Xylem by 189.2% in the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock worth $42,778,000 after acquiring an additional 206,350 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Xylem by 433.0% in the second quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company’s stock valued at $31,070,000 after acquiring an additional 186,105 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.
Analyst Upgrades and Downgrades
XYL has been the subject of several research analyst reports. Royal Bank of Canada dropped their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Robert W. Baird reduced their price target on shares of 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 upped their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. Finally, TD Cowen dropped their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and a consensus price target of $147.17.
Xylem Stock Up 1.3 %
Shares of XYL traded up $1.65 on Thursday, reaching $125.38. The stock had a trading volume of 129,938 shares, compared to its average volume of 1,187,936. 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 12-month low of $96.31 and a 12-month high of $146.08. The firm has a market capitalization of $30.46 billion, a price-to-earnings ratio of 36.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The company has a 50-day simple moving average of $131.97 and a 200-day simple moving average of $135.08.
Xylem (NYSE:XYL – Get Free Report) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts predict that Xylem Inc. will post 4.23 EPS for the current year.
Xylem Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were paid a $0.36 dividend. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.15%. Xylem’s payout ratio is currently 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.
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