Covea Finance Raises Holdings in Xylem Inc. (NYSE:XYL)

Covea Finance boosted its stake in Xylem Inc. (NYSE:XYL) by 38.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,286 shares of the industrial products company’s stock after purchasing an additional 29,600 shares during the period. Covea Finance’s holdings in Xylem were worth $12,331,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. City Holding Co. raised its stake in shares of Xylem by 3.8% during the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after acquiring an additional 75 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in Xylem by 0.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after purchasing an additional 78 shares during the period. Bangor Savings Bank raised its position in Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 85 shares during the last quarter. Angeles Wealth Management LLC raised its position in Xylem by 3.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock valued at $332,000 after purchasing an additional 86 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Xylem by 6.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company’s stock worth $191,000 after buying an additional 87 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on XYL shares. Royal Bank of Canada reduced their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Citigroup decreased their price objective on shares of Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a report on Monday. Robert W. Baird reduced their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. 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. Finally, Stifel Nicolaus cut their price objective on Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.10.

Xylem Stock Down 0.1 %

Xylem stock opened at $115.48 on Wednesday. Xylem Inc. has a 12 month low of $109.39 and a 12 month high of $146.08. The stock has a fifty day simple moving average of $121.55 and a two-hundred day simple moving average of $129.20. 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 has a market cap of $28.06 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 2.22 and a beta of 1.06.

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

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.25%. 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.