Xylem Inc. (NYSE:XYL) Shares Purchased by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership boosted its stake in Xylem Inc. (NYSE:XYL) by 89.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,222 shares of the industrial products company’s stock after purchasing an additional 3,878 shares during the period. Xylem makes up about 0.5% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 20th biggest holding. Foresight Group Ltd Liability Partnership’s holdings in Xylem were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Blue Trust Inc. increased its holdings in Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 249 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in Xylem by 170.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after buying an additional 200 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in Xylem by 184.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after buying an additional 220 shares during the last quarter. Finally, Redwood Wealth Management Group LLC purchased a new position in Xylem in the 2nd quarter valued at about $47,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on XYL shares. Oppenheimer upped their price objective on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. UBS Group started coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. TD Cowen reissued a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research report on Tuesday, September 3rd. 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 report on Wednesday, July 31st. Finally, Robert W. Baird upped their price objective on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.54.

Xylem Stock Performance

Shares of NYSE XYL opened at $132.86 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $133.85 and its two-hundred day moving average price is $134.08. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The stock has a market capitalization of $32.27 billion, a P/E ratio of 47.28, a P/E/G ratio of 2.34 and a beta of 1.04.

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

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be paid a $0.36 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.08%. Xylem’s payout ratio is currently 51.25%.

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.