Xylem Inc. (NYSE:XYL) Shares Bought by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,621 shares of the industrial products company’s stock after acquiring an additional 725 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Xylem were worth $2,109,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XYL. Elo Mutual Pension Insurance Co increased its stake in Xylem by 5.7% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 21,130 shares of the industrial products company’s stock worth $2,416,000 after acquiring an additional 1,143 shares during the last quarter. State of Tennessee Treasury Department increased its stake in Xylem by 59.8% during the fourth quarter. State of Tennessee Treasury Department now owns 147,537 shares of the industrial products company’s stock worth $16,872,000 after acquiring an additional 55,186 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of Xylem by 29.9% during the fourth quarter. Point72 Asset Management L.P. now owns 943,463 shares of the industrial products company’s stock worth $107,894,000 after buying an additional 217,385 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Xylem by 1,503.7% during 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 worth $188,685,000 after buying an additional 1,547,043 shares during the period. Finally, Vancity Investment Management Ltd boosted its position in shares of Xylem by 87.2% during the fourth quarter. Vancity Investment Management Ltd now owns 269,715 shares of the industrial products company’s stock worth $30,845,000 after buying an additional 125,619 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Up 0.1 %

Shares of NYSE XYL opened at $134.20 on Wednesday. The company has a market capitalization of $32.54 billion, a price-to-earnings ratio of 47.76, a price-to-earnings-growth ratio of 2.35 and a beta of 1.04. 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 business has a 50-day moving average of $132.59 and a two-hundred day moving average of $134.76. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The company 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%. Xylem’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. On average, analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is currently 51.25%.

Wall Street Analyst Weigh In

Several research firms have recently commented on XYL. UBS Group began coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. TD Cowen restated a “hold” rating and set a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Royal Bank of Canada raised their price target on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. 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 report on Wednesday, July 31st. Finally, Stifel Nicolaus raised their price target on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.67.

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.