BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 17,519 Shares of Xylem Inc. (NYSE:XYL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Xylem Inc. (NYSE:XYL) by 60.9% during the second quarter, HoldingsChannel reports. The fund owned 46,302 shares of the industrial products company’s stock after purchasing an additional 17,519 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Xylem were worth $6,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in XYL. TD Asset Management Inc raised its stake in shares of Xylem by 5.6% during the 4th quarter. TD Asset Management Inc now owns 82,820 shares of the industrial products company’s stock valued at $9,471,000 after purchasing an additional 4,415 shares during the period. Stifel Financial Corp increased its position in shares of Xylem by 17.2% during the fourth quarter. Stifel Financial Corp now owns 158,099 shares of the industrial products company’s stock valued at $18,083,000 after buying an additional 23,172 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Xylem by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 108,282 shares of the industrial products company’s stock worth $12,383,000 after buying an additional 1,040 shares in the last quarter. TFO Wealth Partners LLC boosted its position in shares of 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 acquiring an additional 1,348 shares during the period. Finally, Laidlaw Wealth Management LLC purchased a new position in Xylem during the fourth quarter valued at approximately $207,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Xylem Stock Up 0.4 %

Shares of XYL opened at $134.15 on Friday. The firm has a market cap of $32.58 billion, a P/E ratio of 47.74, a P/E/G ratio of 2.34 and a beta of 1.04. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $146.08. The stock has a 50 day simple moving average of $133.27 and a two-hundred day simple moving average of $134.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33.

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

Xylem Dividend Announcement

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

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.