Sei Investments Co. Acquires 31,709 Shares of Xylem Inc. (NYSE:XYL)

Sei Investments Co. raised its stake in shares of Xylem Inc. (NYSE:XYL) by 3.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,045,023 shares of the industrial products company’s stock after buying an additional 31,709 shares during the period. Sei Investments Co. owned 0.43% of Xylem worth $141,736,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Swedbank AB bought a new position in shares of Xylem in the 1st quarter valued at approximately $311,684,000. Artisan Partners Limited Partnership bought a new position in shares of Xylem in the fourth quarter valued at approximately $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Xylem by 1,503.7% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after buying an additional 1,547,043 shares during the last quarter. Kodai Capital Management LP bought a new stake in shares of Xylem during the 4th quarter worth $133,945,000. Finally, Balyasny Asset Management L.P. grew its stake in Xylem by 4,769.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock valued at $106,056,000 after buying an additional 908,343 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

NYSE:XYL opened at $134.81 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. The company has a 50-day moving average of $133.68 and a 200-day moving average of $134.13. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The company has a market capitalization of $32.74 billion, a price-to-earnings ratio of 47.98, a PEG ratio of 2.34 and a beta of 1.04.

Xylem (NYSE:XYL) last posted its quarterly earnings results 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. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.07%. Xylem’s dividend payout ratio is currently 51.25%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XYL. Royal Bank of Canada boosted their target price on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. UBS Group assumed coverage on Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Stifel Nicolaus raised their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird upped their price target on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Oppenheimer increased their price objective on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.54.

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.