Acadian Asset Management LLC Buys New Holdings in Xylem Inc. (NYSE:XYL)

Acadian Asset Management LLC bought a new stake in Xylem Inc. (NYSE:XYL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,469 shares of the industrial products company’s stock, valued at approximately $1,148,000.

Other large investors have also modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Xylem by 1,503.7% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after purchasing an additional 1,547,043 shares in the last quarter. Duality Advisers LP acquired a new position in shares of Xylem in the first quarter valued at $6,746,000. Vanguard Group Inc. grew its position in Xylem by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after acquiring an additional 187,847 shares during the period. Russell Investments Group Ltd. grew its position in Xylem by 12.9% in the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock valued at $43,737,000 after acquiring an additional 38,603 shares during the period. Finally, California State Teachers Retirement System grew its position in Xylem by 1.4% in the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock valued at $50,902,000 after acquiring an additional 5,477 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Price Performance

Xylem stock opened at $130.83 on Monday. The business’s 50-day simple moving average is $133.88 and its 200 day simple moving average is $134.00. The stock has a market cap of $31.78 billion, a price-to-earnings ratio of 46.56, a P/E/G ratio of 2.31 and a beta of 1.04. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. 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 posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. As a group, research analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

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

Analysts Set New Price Targets

XYL has been the topic of a number of analyst reports. Oppenheimer upped their price target on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. TD Cowen reiterated a “hold” rating and issued a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Stifel Nicolaus upped their price target on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird upped their price target on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada increased their target price on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and an average target price of $147.54.

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.