Magnetar Financial LLC Purchases 10,723 Shares of Xylem Inc. (NYSE:XYL)

Magnetar Financial LLC raised its position in Xylem Inc. (NYSE:XYL) by 183.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 16,580 shares of the industrial products company’s stock after acquiring an additional 10,723 shares during the period. Magnetar Financial LLC’s holdings in Xylem were worth $2,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Public Sector Pension Investment Board grew its position in shares of Xylem by 77.3% in the second quarter. Public Sector Pension Investment Board now owns 9,410 shares of the industrial products company’s stock valued at $1,276,000 after purchasing an additional 4,103 shares in the last quarter. J. Stern & Co. LLP grew its position in shares of Xylem by 2.5% in the second quarter. J. Stern & Co. LLP now owns 289,984 shares of the industrial products company’s stock valued at $39,331,000 after purchasing an additional 7,179 shares in the last quarter. Frank Rimerman Advisors LLC grew its position in shares of Xylem by 22,544.4% in the second quarter. Frank Rimerman Advisors LLC now owns 2,038 shares of the industrial products company’s stock valued at $276,000 after purchasing an additional 2,029 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Xylem by 5.8% in the second quarter. ProShare Advisors LLC now owns 43,676 shares of the industrial products company’s stock valued at $5,924,000 after purchasing an additional 2,385 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. grew its position in shares of Xylem by 25.7% in the second quarter. Sompo Asset Management Co. Ltd. now owns 4,200 shares of the industrial products company’s stock valued at $570,000 after purchasing an additional 860 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Trading Down 0.2 %

Shares of XYL stock opened at $134.51 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $133.63 and a two-hundred day moving average price of $134.30. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The firm has a market cap of $32.61 billion, a P/E ratio of 47.87, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04.

Xylem (NYSE:XYL) last issued its quarterly 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. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue was up 26.0% compared to the same quarter last year. Equities analysts anticipate that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is currently 51.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XYL shares. Stifel Nicolaus lifted 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. Oppenheimer lifted 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. Royal Bank of Canada lifted their price target on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their target price on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, UBS Group started coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average price target 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.