Algert Global LLC Takes Position in Xylem Inc. (NYSE:XYL)

Algert Global LLC purchased a new stake in Xylem Inc. (NYSE:XYL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,505 shares of the industrial products company’s stock, valued at approximately $475,000.

A number of other hedge funds have also added to or reduced their stakes in XYL. Swedbank AB bought a new stake in shares of Xylem during the first quarter worth $311,684,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings 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 worth $188,685,000 after acquiring an additional 1,547,043 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Xylem by 4,769.0% in 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 in the last quarter. Sei Investments Co. grew its position in Xylem by 56.4% in the 1st quarter. Sei Investments Co. now owns 1,013,314 shares of the industrial products company’s stock worth $130,961,000 after purchasing an additional 365,420 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Xylem by 40.6% in the 4th quarter. Wellington Management Group LLP now owns 1,255,528 shares of the industrial products company’s stock worth $143,582,000 after purchasing an additional 362,840 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of 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 raised their price target on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. TD Cowen reaffirmed a “hold” rating and set a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. UBS Group initiated coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. Finally, Stifel Nicolaus boosted their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.67.

Xylem Stock Performance

Shares of XYL opened at $134.05 on Tuesday. The stock has a 50-day moving average of $132.58 and a two-hundred day moving average of $134.72. Xylem Inc. has a one year low of $87.59 and a one year high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. The stock has a market cap of $32.50 billion, a P/E ratio of 47.70, a P/E/G ratio of 2.36 and a beta of 1.04.

Xylem (NYSE:XYL) last announced 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. 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 analyst estimates of $2.14 billion. During the same quarter in the previous year, the business earned $0.98 EPS. Xylem’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, research analysts predict that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio is currently 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.