Xylem Inc. (NYSE:XYL) Shares Sold by Ascension Asset Management LLC

Ascension Asset Management LLC lowered its stake in Xylem Inc. (NYSE:XYL) by 5.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,134 shares of the industrial products company’s stock after selling 450 shares during the quarter. Ascension Asset Management LLC’s holdings in Xylem were worth $1,103,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Swedbank AB purchased a new stake in shares of Xylem during the first quarter valued at approximately $311,684,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Xylem by 1,503.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after buying an additional 1,547,043 shares during the period. Kodai Capital Management LP acquired a new position in Xylem in the 4th quarter worth $133,945,000. Balyasny Asset Management L.P. grew its stake in shares of Xylem by 4,769.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock valued at $106,056,000 after acquiring an additional 908,343 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Xylem by 56.4% during the first quarter. Sei Investments Co. now owns 1,013,314 shares of the industrial products company’s stock valued at $130,961,000 after acquiring an additional 365,420 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Up 0.3 %

Shares of Xylem stock opened at $134.51 on Friday. The stock has a market capitalization of $32.67 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 2.34 and a beta of 1.04. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The business’s 50 day simple moving average is $133.22 and its 200-day simple moving average is $134.43.

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, topping the consensus estimate of $1.05 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Equities research analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The company also recently announced 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 was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is 51.25%.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of analyst reports. TD Cowen reissued a “hold” rating and issued a $138.00 price target on shares of Xylem in a report on Tuesday, September 3rd. Stifel Nicolaus increased their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada lifted their price target on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their price objective on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, UBS Group initiated coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.54.

About Xylem

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.