Quantbot Technologies LP Increases Stake in Xylem Inc. (NYSE:XYL)

Quantbot Technologies LP grew its holdings in shares of Xylem Inc. (NYSE:XYL) by 1,051.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 20,489 shares of the industrial products company’s stock after buying an additional 18,710 shares during the period. Quantbot Technologies LP’s holdings in Xylem were worth $2,779,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Beacon Pointe Advisors LLC raised its stake in Xylem by 17.6% in the fourth quarter. Beacon Pointe Advisors LLC now owns 5,099 shares of the industrial products company’s stock worth $583,000 after buying an additional 762 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Xylem by 1.1% during the fourth quarter. Brown Advisory Inc. now owns 8,203 shares of the industrial products company’s stock valued at $938,000 after buying an additional 92 shares during the last quarter. ING Groep NV grew its holdings in Xylem by 9.2% in the fourth quarter. ING Groep NV now owns 33,004 shares of the industrial products company’s stock worth $3,774,000 after purchasing an additional 2,770 shares during the last quarter. Norges Bank acquired a new position in shares of Xylem in the 4th quarter valued at $198,207,000. Finally, PNC Financial Services Group Inc. raised its stake in Xylem by 0.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 144,372 shares of the industrial products company’s stock worth $16,510,000 after acquiring an additional 802 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XYL has been the subject of several research reports. Stifel Nicolaus lifted their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. UBS Group began coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target on the stock. Argus upped their price objective on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. TD Cowen restated a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada increased their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and an average target price of $147.54.

Xylem Price Performance

Xylem stock opened at $133.14 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a market cap of $32.28 billion, a P/E ratio of 47.13, a PEG ratio of 2.31 and a beta of 1.04. The company has a 50-day moving average price of $133.86 and a 200 day moving average price of $134.04. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08.

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

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Thursday, August 29th. Xylem’s dividend payout ratio is presently 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.