Anchor Investment Management LLC Buys 94 Shares of Xylem Inc. (NYSE:XYL)

Anchor Investment Management LLC raised its stake in Xylem Inc. (NYSE:XYL) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,337 shares of the industrial products company’s stock after acquiring an additional 94 shares during the period. Anchor Investment Management LLC’s holdings in Xylem were worth $181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of XYL. Swedbank AB acquired a new position in Xylem in the first quarter valued at about $311,684,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Xylem by 1,503.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after buying an additional 1,547,043 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Xylem by 4,769.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock worth $106,056,000 after acquiring an additional 908,343 shares during the period. Sei Investments Co. boosted its position in shares of Xylem by 56.4% during the 1st quarter. Sei Investments Co. now owns 1,013,314 shares of the industrial products company’s stock worth $130,961,000 after acquiring an additional 365,420 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Xylem by 40.6% in the fourth quarter. Wellington Management Group LLP now owns 1,255,528 shares of the industrial products company’s stock valued at $143,582,000 after acquiring an additional 362,840 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Performance

NYSE:XYL opened at $133.47 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a fifty day moving average of $132.87 and a 200-day moving average of $134.57. The firm has a market capitalization of $32.36 billion, a P/E ratio of 47.50, a P/E/G ratio of 2.36 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 for the quarter, beating the consensus estimate of $1.05 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The business’s revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is currently 51.25%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Robert W. Baird upped their target price on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. TD Cowen reiterated a “hold” rating and issued a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. UBS Group started coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. Stifel Nicolaus lifted their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada upped their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average price target of $149.67.

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.