Point72 DIFC Ltd Buys 20,674 Shares of Xylem Inc. (NYSE:XYL)

Point72 DIFC Ltd grew its stake in Xylem Inc. (NYSE:XYL) by 2,455.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,516 shares of the industrial products company’s stock after acquiring an additional 20,674 shares during the period. Point72 DIFC Ltd’s holdings in Xylem were worth $2,918,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Xylem by 1,503.7% during 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 acquiring an additional 1,547,043 shares during the last quarter. Duality Advisers LP bought a new stake in Xylem during the 1st quarter worth about $6,746,000. Vanguard Group Inc. lifted its position in Xylem by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after purchasing an additional 187,847 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Xylem by 12.9% in the 1st quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock valued at $43,737,000 after purchasing an additional 38,603 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Xylem by 1.4% during the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock worth $50,902,000 after buying an additional 5,477 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XYL. Royal Bank of Canada increased their price target on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their target price on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. TD Cowen reaffirmed a “hold” rating and issued a $138.00 price target on shares of Xylem in a research note on Tuesday, September 3rd. Oppenheimer lifted their price objective on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Finally, Stifel Nicolaus upped their target price on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and a consensus target price of $147.54.

Xylem Price Performance

Shares of NYSE XYL opened at $134.51 on Tuesday. The company has a fifty day moving average price of $133.63 and a 200 day moving average price of $134.30. The firm has a market cap of $32.61 billion, a PE 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. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 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. During the same period in the previous year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. Research analysts predict that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be issued a $0.36 dividend. 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 (DPR) is presently 51.25%.

Xylem 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.