AQR Capital Management LLC Raises Holdings in Xylem Inc. (NYSE:XYL)

AQR Capital Management LLC boosted its stake in Xylem Inc. (NYSE:XYL) by 38.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,887 shares of the industrial products company’s stock after buying an additional 7,981 shares during the quarter. AQR Capital Management LLC’s holdings in Xylem were worth $3,918,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Rafferty Asset Management LLC boosted its stake in shares of Xylem by 5.6% during the fourth quarter. Rafferty Asset Management LLC now owns 20,226 shares of the industrial products company’s stock valued at $2,313,000 after acquiring an additional 1,075 shares during the last quarter. Cibc World Markets Corp raised its holdings in Xylem by 133.4% in the 4th quarter. Cibc World Markets Corp now owns 31,024 shares of the industrial products company’s stock valued at $3,548,000 after acquiring an additional 17,732 shares during the last quarter. Prudential PLC lifted its stake in shares of Xylem by 1.0% during the 4th quarter. Prudential PLC now owns 40,956 shares of the industrial products company’s stock worth $4,684,000 after purchasing an additional 417 shares during the period. Sompo Asset Management Co. Ltd. boosted its holdings in shares of Xylem by 17.4% during the fourth quarter. Sompo Asset Management Co. Ltd. now owns 3,710 shares of the industrial products company’s stock worth $424,000 after purchasing an additional 550 shares during the last quarter. Finally, Scout Investments Inc. purchased a new stake in shares of Xylem in the fourth quarter valued at $18,780,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Up 0.3 %

Shares of XYL opened at $133.47 on Friday. The stock has a market cap of $32.36 billion, a PE ratio of 47.50, a P/E/G ratio of 2.36 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08. The stock’s 50-day moving average is $132.73 and its two-hundred day moving average is $134.61.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company earned $0.98 earnings per share. Xylem’s revenue for the quarter was up 26.0% on a year-over-year basis. Equities analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XYL. Stifel Nicolaus raised their price target on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. 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 target price on the stock. Royal Bank of Canada upped their price target on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their price target on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, TD Cowen reissued a “hold” rating and set a $138.00 price objective on shares of Xylem in a research note on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.67.

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.