17,013 Shares in Xylem Inc. (NYSE:XYL) Bought by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new stake in Xylem Inc. (NYSE:XYL) during the second quarter, HoldingsChannel.com reports. The fund acquired 17,013 shares of the industrial products company’s stock, valued at approximately $2,307,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. TD Asset Management Inc lifted its holdings in Xylem by 5.6% during the 4th quarter. TD Asset Management Inc now owns 82,820 shares of the industrial products company’s stock worth $9,471,000 after buying an additional 4,415 shares during the last quarter. Stifel Financial Corp lifted its stake in Xylem by 17.2% during the fourth quarter. Stifel Financial Corp now owns 158,099 shares of the industrial products company’s stock worth $18,083,000 after purchasing an additional 23,172 shares during the last quarter. TFO Wealth Partners LLC boosted its holdings in Xylem by 687.8% in the fourth quarter. TFO Wealth Partners LLC now owns 1,544 shares of the industrial products company’s stock valued at $177,000 after purchasing an additional 1,348 shares in the last quarter. Evoke Wealth LLC purchased a new position in Xylem in the fourth quarter valued at approximately $680,000. Finally, Bank of Nova Scotia raised its holdings in Xylem by 33.9% during the fourth quarter. Bank of Nova Scotia now owns 29,795 shares of the industrial products company’s stock worth $3,407,000 after purchasing an additional 7,539 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

NYSE:XYL opened at $134.51 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The firm has a market cap of $32.67 billion, a price-to-earnings ratio of 47.87, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04. The firm’s fifty day moving average price is $133.22 and its 200 day moving average price is $134.43. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. On average, sell-side analysts expect that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s payout ratio is 51.25%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on XYL. Stifel Nicolaus increased their target price on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group began coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. TD Cowen reissued a “hold” rating and issued a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. Robert W. Baird raised their price target on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada boosted their price objective on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, 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.