UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Xylem Inc. (NYSE:XYL – Free Report) by 11.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,274,761 shares of the industrial products company’s stock after acquiring an additional 440,210 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.83% of Xylem worth $505,319,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of XYL. New Mexico Educational Retirement Board lifted its holdings in shares of Xylem by 8.0% in the 2nd quarter. New Mexico Educational Retirement Board now owns 12,105 shares of the industrial products company’s stock worth $1,431,000 after purchasing an additional 900 shares during the last quarter. Mufg Securities Americas Inc. raised its holdings in shares of Xylem by 6.2% during the second quarter. Mufg Securities Americas Inc. now owns 7,159 shares of the industrial products company’s stock valued at $846,000 after buying an additional 418 shares during the last quarter. Van ECK Associates Corp grew its holdings in Xylem by 13.6% in the 2nd quarter. Van ECK Associates Corp now owns 56,675 shares of the industrial products company’s stock worth $6,700,000 after buying an additional 6,767 shares in the last quarter. Hsbc Holdings PLC increased its position in Xylem by 9.5% in the 2nd quarter. Hsbc Holdings PLC now owns 2,705,479 shares of the industrial products company’s stock valued at $319,785,000 after acquiring an additional 234,222 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in Xylem in the 2nd quarter valued at approximately $6,712,000. Institutional investors and hedge funds own 87.96% of the company’s stock.
Xylem Price Performance
NYSE:XYL opened at $111.44 on Monday. The business’s 50-day moving average price is $118.20 and its 200 day moving average price is $118.72. The firm has a market cap of $26.02 billion, a P/E ratio of 26.53, a PEG ratio of 1.64 and a beta of 1.02. Xylem Inc. has a 52-week low of $105.29 and a 52-week high of $154.27. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23.
Xylem Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th will be given a $0.43 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.72 annualized dividend and a yield of 1.5%. Xylem’s payout ratio is 40.95%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on XYL shares. Robert W. Baird increased their price target on Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Xylem in a report on Wednesday, July 29th. Jefferies Financial Group increased their target price on shares of Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Weiss Ratings restated a “hold (c)” rating on shares of Xylem in a research report on Wednesday, August 5th. Finally, UBS Group upped their price target on shares of Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.
Get Our Latest Stock Analysis on Xylem
Xylem Profile
Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.
The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.
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