Versant Capital Management Inc Acquires 280 Shares of Xylem Inc. (NYSE:XYL)

Versant Capital Management Inc lifted its holdings in shares of Xylem Inc. (NYSE:XYL) by 318.2% during the fourth quarter, HoldingsChannel reports. The firm owned 368 shares of the industrial products company’s stock after purchasing an additional 280 shares during the quarter. Versant Capital Management Inc’s holdings in Xylem were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Xylem by 1.9% during the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after purchasing an additional 189,820 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Xylem by 1.0% in the third quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock valued at $762,804,000 after buying an additional 54,877 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Xylem by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock valued at $465,760,000 after buying an additional 32,645 shares during the period. Swedbank AB grew its stake in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after acquiring an additional 554,609 shares during the period. Finally, Impax Asset Management Group plc increased its holdings in Xylem by 1.0% in the 3rd quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock worth $226,555,000 after acquiring an additional 15,825 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XYL has been the topic of several recent research reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Robert W. Baird cut their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Citigroup raised shares of Xylem from a “neutral” rating to a “buy” rating and boosted their target price for the company from $135.00 to $148.00 in a report on Monday, December 9th. Royal Bank of Canada cut their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, TD Cowen reduced their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $152.20.

Xylem Trading Down 0.3 %

Shares of XYL stock opened at $116.88 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm has a market cap of $28.40 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. The business has a 50-day moving average price of $122.45 and a two-hundred day moving average price of $129.97. Xylem Inc. has a 12-month low of $109.39 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.11. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. Xylem’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Equities analysts anticipate that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem’s dividend payout ratio is presently 42.11%.

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.