Empowered Funds LLC Boosts Stock Position in Xylem Inc. (NYSE:XYL)

Empowered Funds LLC increased its position in shares of Xylem Inc. (NYSE:XYL) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,875 shares of the industrial products company’s stock after acquiring an additional 188 shares during the period. Empowered Funds LLC’s holdings in Xylem were worth $658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XYL. Empirical Finance LLC boosted its stake in shares of Xylem by 2.9% in the third quarter. Empirical Finance LLC now owns 7,299 shares of the industrial products company’s stock valued at $986,000 after purchasing an additional 207 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in Xylem by 11.4% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 2,735 shares of the industrial products company’s stock valued at $369,000 after buying an additional 279 shares during the period. CIBC Asset Management Inc increased its position in shares of Xylem by 8.5% during the third quarter. CIBC Asset Management Inc now owns 35,420 shares of the industrial products company’s stock worth $4,783,000 after acquiring an additional 2,771 shares during the period. Sycomore Asset Management raised its stake in shares of Xylem by 6.9% in the third quarter. Sycomore Asset Management now owns 25,939 shares of the industrial products company’s stock valued at $3,479,000 after acquiring an additional 1,673 shares in the last quarter. Finally, ING Groep NV boosted its holdings in Xylem by 220.3% in the third quarter. ING Groep NV now owns 104,485 shares of the industrial products company’s stock valued at $14,109,000 after purchasing an additional 71,861 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stifel Nicolaus upped their price target on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada dropped their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. UBS Group assumed coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. TD Cowen lowered their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Robert W. Baird cut their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $149.64.

Xylem Price Performance

Xylem stock opened at $126.87 on Friday. The firm has a market capitalization of $30.82 billion, a PE ratio of 37.10, a P/E/G ratio of 2.31 and a beta of 1.05. Xylem Inc. has a 52 week low of $102.42 and a 52 week high of $146.08. The firm’s 50-day simple moving average is $130.14 and its 200 day simple moving average is $134.27. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the company posted $0.99 EPS. The company’s revenue was up .2% on a year-over-year basis. On average, equities research analysts predict that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be given a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.14%. Xylem’s dividend payout ratio is currently 42.11%.

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.