Xylem Inc. (NYSE:XYL) Shares Purchased by Groupama Asset Managment

Groupama Asset Managment increased its stake in Xylem Inc. (NYSE:XYL) by 89.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 16,340 shares of the industrial products company’s stock after acquiring an additional 7,723 shares during the period. Groupama Asset Managment’s holdings in Xylem were worth $2,206,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XYL. Swedbank AB increased its position in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after purchasing an additional 554,609 shares during the period. Erste Asset Management GmbH bought a new stake in Xylem in the third quarter worth about $68,593,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Xylem in the 3rd quarter valued at about $52,169,000. Champlain Investment Partners LLC lifted its stake in Xylem by 17.8% during the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock valued at $223,851,000 after purchasing an additional 249,975 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Xylem by 246.6% during the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after buying an additional 230,878 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 0.1 %

XYL stock opened at $126.37 on Monday. The company has a 50 day moving average of $128.67 and a two-hundred day moving average of $133.03. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $105.26 and a 12-month high of $146.08. The company has a market cap of $30.70 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 2.33 and a beta of 1.05.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.14%. Xylem’s dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on XYL shares. TD Cowen cut their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Robert W. Baird decreased their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada cut their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price for the company. Four 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.64.

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.