Rockland Trust Co. Acquires New Stake in Xylem Inc. (NYSE:XYL)

Rockland Trust Co. acquired a new stake in shares of Xylem Inc. (NYSE:XYL) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,672 shares of the industrial products company’s stock, valued at approximately $361,000.

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

Analysts Set New Price Targets

XYL has been the subject of several research analyst reports. UBS Group started coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Stifel Nicolaus upped their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada raised their target price on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted 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. Finally, TD Cowen restated a “hold” rating and issued a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $149.67.

Xylem Stock Up 0.3 %

Shares of XYL stock traded up $0.41 on Friday, reaching $133.47. 735,004 shares of the stock were exchanged, compared to its average volume of 1,204,412. The business’s 50 day moving average price is $132.73 and its 200 day moving average price is $134.61. The company has a market capitalization of $32.36 billion, a price-to-earnings ratio of 47.50, a PEG ratio of 2.36 and a beta of 1.04. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. 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 (NYSE:XYL) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (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 firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the firm earned $0.98 EPS. The business’s revenue was up 26.0% on a year-over-year basis. As a group, sell-side analysts expect that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

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