Canada Pension Plan Investment Board Grows Stake in Xylem Inc. (NYSE:XYL)

Canada Pension Plan Investment Board grew its stake in shares of Xylem Inc. (NYSE:XYL) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,580 shares of the industrial products company’s stock after acquiring an additional 1,973 shares during the quarter. Canada Pension Plan Investment Board owned about 0.07% of Xylem worth $22,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Advisory Inc. grew its holdings in Xylem by 1.1% during the fourth quarter. Brown Advisory Inc. now owns 8,203 shares of the industrial products company’s stock worth $938,000 after acquiring an additional 92 shares during the period. Coldstream Capital Management Inc. raised its position in shares of Xylem by 7.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,388 shares of the industrial products company’s stock valued at $273,000 after buying an additional 174 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Xylem by 23.1% in the 4th quarter. D.A. Davidson & CO. now owns 8,655 shares of the industrial products company’s stock worth $990,000 after purchasing an additional 1,625 shares in the last quarter. Commerce Bank boosted its stake in Xylem by 13.7% during the fourth quarter. Commerce Bank now owns 10,878 shares of the industrial products company’s stock worth $1,244,000 after buying an additional 1,313 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new stake in shares of Xylem in the 4th quarter valued at approximately $304,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of NYSE:XYL opened at $134.81 on Monday. The company has a market cap of $32.68 billion, a P/E ratio of 47.98, a PEG ratio of 2.34 and a beta of 1.04. The business’s 50-day simple moving average is $133.68 and its 200 day simple moving average is $134.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. Xylem Inc. has a one year low of $87.59 and a one year high of $146.08.

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

Xylem Announces Dividend

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

Analyst Upgrades and Downgrades

XYL has been the subject of a number of research reports. TD Cowen reaffirmed a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research note on Tuesday, September 3rd. 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. Argus boosted their price objective on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Stifel Nicolaus raised their target price on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Oppenheimer boosted their price target on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and an average target price of $147.54.

Xylem Company 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.