Interval Partners LP Purchases Shares of 33,337 Xylem Inc. (NYSE:XYL)

Interval Partners LP acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 33,337 shares of the industrial products company’s stock, valued at approximately $4,521,000.

Several other institutional investors have also recently made changes to their positions in XYL. Lombard Odier Asset Management Europe Ltd grew its holdings in Xylem by 351.8% in the second quarter. Lombard Odier Asset Management Europe Ltd now owns 116,021 shares of the industrial products company’s stock valued at $15,736,000 after purchasing an additional 90,343 shares during the period. Evergreen Capital Management LLC grew its stake in Xylem by 1.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,462 shares of the industrial products company’s stock valued at $741,000 after acquiring an additional 95 shares during the period. Magnetar Financial LLC increased its holdings in Xylem by 183.1% in the 2nd quarter. Magnetar Financial LLC now owns 16,580 shares of the industrial products company’s stock worth $2,249,000 after acquiring an additional 10,723 shares in the last quarter. Public Sector Pension Investment Board raised its position in Xylem by 77.3% during the second quarter. Public Sector Pension Investment Board now owns 9,410 shares of the industrial products company’s stock worth $1,276,000 after acquiring an additional 4,103 shares during the period. Finally, J. Stern & Co. LLP lifted its holdings in Xylem by 2.5% during the second quarter. J. Stern & Co. LLP now owns 289,984 shares of the industrial products company’s stock valued at $39,331,000 after purchasing an additional 7,179 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XYL. TD Cowen reiterated a “hold” rating and set a $138.00 price objective on shares of Xylem in a research report on Tuesday, September 3rd. Robert W. Baird boosted their price target 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. Oppenheimer upped their price objective on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Royal Bank of Canada boosted their target price on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus raised their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus target price of $147.54.

Xylem Trading Down 0.2 %

Shares of XYL stock opened at $134.51 on Tuesday. The company has a market capitalization of $32.61 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 2.34 and a beta of 1.04. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $133.63 and a 200 day moving average price of $134.30. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08.

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

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.07%. Xylem’s dividend payout ratio is currently 51.25%.

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.