Headlands Technologies LLC Invests $246,000 in Xylem Inc. (NYSE:XYL)

Headlands Technologies LLC bought a new stake in shares of Xylem Inc. (NYSE:XYL) during the second quarter, Holdings Channel.com reports. The fund bought 1,817 shares of the industrial products company’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors also recently modified their holdings of XYL. EverSource Wealth Advisors LLC lifted its holdings 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 during the period. Blue Trust Inc. grew 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 purchasing an additional 249 shares during the period. FinTrust Capital Advisors LLC raised its holdings in Xylem by 170.9% in the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of Xylem by 184.9% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after buying an additional 220 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Xylem by 96.9% in the 2nd quarter. UMB Bank n.a. now owns 382 shares of the industrial products company’s stock worth $52,000 after buying an additional 188 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of NYSE XYL opened at $130.83 on Friday. The firm’s 50-day moving average price is $133.88 and its 200-day moving average price is $133.89. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The company has a market cap of $31.78 billion, a PE ratio of 46.56, a PEG ratio of 2.29 and a beta of 1.04. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19.

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

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, August 29th. Xylem’s dividend payout ratio is 51.25%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on XYL shares. Oppenheimer lifted their price target on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. TD Cowen reissued a “hold” rating and issued a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Royal Bank of Canada raised their price objective on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Argus boosted their target price on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Robert W. Baird raised their price target on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.54.

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.