Czech National Bank Purchases 3,279 Shares of Xylem Inc. (NYSE:XYL)

Czech National Bank boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,479 shares of the industrial products company’s stock after buying an additional 3,279 shares during the quarter. Czech National Bank’s holdings in Xylem were worth $6,681,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in XYL. Swedbank AB acquired a new position in shares of Xylem during the first quarter worth approximately $311,684,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in 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 worth $188,685,000 after purchasing an additional 1,547,043 shares during the last quarter. Balyasny Asset Management L.P. increased 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 purchasing an additional 908,343 shares during the period. Sei Investments Co. lifted its stake in shares of Xylem by 56.4% in the first quarter. Sei Investments Co. now owns 1,013,314 shares of the industrial products company’s stock valued at $130,961,000 after buying an additional 365,420 shares during the period. Finally, Wellington Management Group LLP increased its stake in Xylem by 40.6% during 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 period. 87.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. Stifel Nicolaus increased 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. TD Cowen reaffirmed a “hold” rating and issued a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. Royal Bank of Canada boosted their price target on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird boosted 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Xylem has an average rating of “Moderate Buy” and an average target price of $149.67.

Xylem Stock Up 0.3 %

Shares of NYSE:XYL opened at $133.47 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The stock has a market cap of $32.36 billion, a price-to-earnings ratio of 47.50, a P/E/G ratio of 2.36 and a beta of 1.04. The company has a 50 day moving average of $132.73 and a 200-day moving average of $134.61. Xylem Inc. has a one year low of $87.59 and a one year high of $146.08.

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

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, August 29th. Xylem’s payout ratio is 51.25%.

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.