Point72 DIFC Ltd Buys 20,674 Shares of Xylem Inc. (NYSE:XYL)

Point72 DIFC Ltd raised its stake in Xylem Inc. (NYSE:XYL) by 2,455.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,516 shares of the industrial products company’s stock after purchasing an additional 20,674 shares during the quarter. Point72 DIFC Ltd’s holdings in Xylem were worth $2,918,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after buying an additional 77 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Xylem by 3.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 79 shares during the period. Addison Advisors LLC boosted its position in Xylem by 5.8% during the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 82 shares during the period. Waycross Investment Management Co raised its position in shares of Xylem by 1.8% in the second quarter. Waycross Investment Management Co now owns 4,895 shares of the industrial products company’s stock valued at $664,000 after purchasing an additional 87 shares during the period. Finally, Bleakley Financial Group LLC lifted its stake in shares of Xylem by 2.3% during the 1st quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock worth $522,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the topic of several research analyst reports. Royal Bank of Canada increased their price target on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Oppenheimer lifted their price target on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. UBS Group began coverage on Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. TD Cowen reissued a “hold” rating and set a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. Finally, Argus upped their price target on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.54.

Xylem Stock Down 0.2 %

Shares of XYL opened at $134.51 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The stock has a market capitalization of $32.61 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 2.34 and a beta of 1.04. The stock has a fifty day moving average of $133.63 and a 200-day moving average of $134.30.

Xylem (NYSE:XYL) last posted its 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 during the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be given a $0.36 dividend. 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%.

Xylem Company 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.