Stevens Capital Management LP Takes $228,000 Position in Xylem Inc. (NYSE:XYL)

Stevens Capital Management LP acquired a new stake in shares of Xylem Inc. (NYSE:XYL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,688 shares of the industrial products company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after buying an additional 77 shares in the last quarter. Bangor Savings Bank raised its stake in Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after buying an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in Xylem in the second quarter worth about $33,000. Blue Trust Inc. raised its stake in Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after buying an additional 249 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after buying an additional 311 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XYL. TD Cowen decreased their price target 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. Robert W. Baird cut their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. Finally, Royal Bank of Canada cut their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Trading Down 1.0 %

Shares of XYL stock opened at $126.23 on Friday. Xylem Inc. has a 12-month low of $105.26 and a 12-month high of $146.08. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $128.99 and its 200 day moving average is $133.39. The stock has a market capitalization of $30.67 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.35 and a beta of 1.05.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.11. The company had revenue of $2.10 billion for 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 earnings per share. Research analysts expect that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

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

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.