Banque Cantonale Vaudoise Grows Stake in Xylem Inc. (NYSE:XYL)

Banque Cantonale Vaudoise raised its stake in Xylem Inc. (NYSE:XYL) by 13.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,713 shares of the industrial products company’s stock after acquiring an additional 5,209 shares during the period. Banque Cantonale Vaudoise’s holdings in Xylem were worth $5,768,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of XYL. Swedbank AB purchased a new stake in shares of Xylem in the first quarter worth $311,684,000. LPL Financial LLC boosted its position in shares of Xylem by 246.6% during the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock valued at $44,012,000 after buying an additional 230,878 shares during the last quarter. TCW Group Inc. boosted its position in shares of Xylem by 189.2% during the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock valued at $42,778,000 after buying an additional 206,350 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Xylem by 433.0% during the second quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company’s stock valued at $31,070,000 after buying an additional 186,105 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Xylem during the second quarter valued at $19,570,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Robert W. Baird dropped their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada dropped their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus raised their target price on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen dropped their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, UBS Group began coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and an average price target of $147.17.

Xylem Stock Up 0.6 %

NYSE XYL opened at $122.46 on Tuesday. The stock’s 50-day moving average price is $130.62 and its 200-day moving average price is $134.65. 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 52 week low of $100.06 and a 52 week high of $146.08. The company has a market capitalization of $29.75 billion, a P/E ratio of 35.81, a price-to-earnings-growth ratio of 2.24 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, meeting the consensus estimate of $1.11. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. On average, equities research analysts predict that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors 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 yield of 1.18%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

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.