Champlain Investment Partners LLC Boosts Stock Position in Xylem Inc. (NYSE:XYL)

Champlain Investment Partners LLC increased its holdings in shares of Xylem Inc. (NYSE:XYL) by 17.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,657,785 shares of the industrial products company’s stock after buying an additional 249,975 shares during the period. Xylem comprises approximately 1.4% of Champlain Investment Partners LLC’s investment portfolio, making the stock its 20th largest holding. Champlain Investment Partners LLC owned approximately 0.68% of Xylem worth $223,851,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its position in shares of Xylem by 1.4% in the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock valued at $50,902,000 after purchasing an additional 5,477 shares during the period. Cetera Investment Advisers increased its stake in Xylem by 191.7% during the 1st quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock worth $3,543,000 after buying an additional 18,014 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Xylem by 9.3% during the third quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock valued at $219,731,000 after acquiring an additional 137,883 shares during the last quarter. BOKF NA lifted its position in shares of Xylem by 967.9% in the first quarter. BOKF NA now owns 68,941 shares of the industrial products company’s stock valued at $8,869,000 after acquiring an additional 62,485 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. boosted its stake in shares of Xylem by 28.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 203,262 shares of the industrial products company’s stock worth $27,446,000 after acquiring an additional 44,414 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Trading Up 1.2 %

Shares of XYL stock opened at $126.88 on Friday. Xylem Inc. has a 1-year low of $102.42 and a 1-year high of $146.08. The firm has a market cap of $30.83 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. The company has a 50-day moving average of $130.14 and a two-hundred day moving average of $134.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

Xylem (NYSE:XYL) last posted 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. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. On average, analysts predict that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is 42.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of 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 cut their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Robert W. Baird cut their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, UBS Group initiated coverage on Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.64.

Xylem 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.