Renaissance Investment Group LLC Grows Stake in Xylem Inc. (NYSE:XYL)

Renaissance Investment Group LLC raised its holdings in Xylem Inc. (NYSE:XYL) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,414 shares of the industrial products company’s stock after buying an additional 1,231 shares during the quarter. Xylem comprises 1.9% of Renaissance Investment Group LLC’s investment portfolio, making the stock its 23rd largest position. Renaissance Investment Group LLC’s holdings in Xylem were worth $9,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Alliance raised its holdings in Xylem by 10.0% in the 2nd quarter. Wealth Alliance now owns 1,855 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 169 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Xylem by 12.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,051 shares of the industrial products company’s stock valued at $2,815,000 after buying an additional 2,264 shares during the period. Seven Eight Capital LP bought a new position in Xylem in the second quarter worth about $697,000. Brighton Jones LLC purchased a new stake in Xylem in the second quarter worth about $206,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Xylem by 30.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,474 shares of the industrial products company’s stock valued at $1,421,000 after acquiring an additional 2,417 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 0.7 %

Shares of NYSE XYL opened at $119.84 on Friday. The firm’s 50 day moving average price is $121.08 and its 200-day moving average price is $128.80. Xylem Inc. has a 52-week low of $109.70 and a 52-week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The company has a market cap of $29.11 billion, a PE ratio of 35.04, a P/E/G ratio of 1.89 and a beta of 1.06.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 EPS. On average, equities research analysts expect that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were issued a $0.36 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.20%. Xylem’s payout ratio is 42.11%.

Wall Street Analyst Weigh In

XYL has been the subject of several research reports. Stifel Nicolaus decreased their target price on Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Citigroup decreased their price objective on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a report on Monday, January 13th. Robert W. Baird dropped their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Royal Bank of Canada lowered their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $152.10.

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.