7,403 Xylem Inc. $XYL Shares Acquired by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC raised its stake in shares of Xylem Inc. (NYSE:XYL) by 5.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 141,766 shares of the industrial products company’s stock after buying an additional 7,403 shares during the quarter. Xylem makes up about 2.4% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 10th largest holding. Mountain Pacific Investment Advisers LLC’s holdings in Xylem were worth $14,357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GRIMES & Co WEALTH MANAGEMENT LLC increased its position in Xylem by 2.2% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 57,742 shares of the industrial products company’s stock valued at $5,848,000 after acquiring an additional 1,235 shares during the last quarter. Next Level Wealth Planning LLC bought a new position in Xylem in the third quarter valued at about $71,000. Woodmont Investment Counsel LLC boosted its position in Xylem by 5.7% in the third quarter. Woodmont Investment Counsel LLC now owns 49,043 shares of the industrial products company’s stock worth $4,967,000 after purchasing an additional 2,655 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in Xylem by 9.5% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 116,885 shares of the industrial products company’s stock worth $11,834,000 after purchasing an additional 10,149 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Xylem by 0.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 538,198 shares of the industrial products company’s stock worth $54,503,000 after purchasing an additional 3,000 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on XYL shares. Weiss Ratings lowered shares of Xylem from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, October 28th. Robert W. Baird set a $123.00 price objective on shares of Xylem in a research note on Wednesday, October 28th. Stifel Nicolaus cut their target price on shares of Xylem from $141.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Jefferies Financial Group boosted 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. Finally, BNP Paribas Exane reduced their target price on shares of Xylem from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $121.31.

Insider Buying and Selling at Xylem

In other news, Director D Koch purchased 11,000 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was acquired at an average cost of $89.60 per share, for a total transaction of $985,600.00. Following the completion of the transaction, the director directly owned 12,247 shares in the company, valued at $1,097,331.20. This trade represents a 882.12% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by insiders.

Xylem Stock Down 1.2%

XYL stock opened at $96.08 on Wednesday. Xylem Inc. has a twelve month low of $87.40 and a twelve month high of $152.43. The company has a quick ratio of 1.02, a current ratio of 1.39 and a debt-to-equity ratio of 0.23. The stock has a market cap of $22.04 billion, a P/E ratio of 21.26, a PEG ratio of 1.62 and a beta of 1.01. The business’s 50-day moving average price is $104.36 and its 200-day moving average price is $117.13.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.01). The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.28 billion. Xylem had a net margin of 11.94% and a return on equity of 12.06%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 earnings per share. On average, equities research analysts forecast that Xylem Inc. will post 5.45 EPS for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $1.72 annualized dividend and a yield of 1.8%. Xylem’s payout ratio is currently 38.05%.

Xylem Company Profile

Xylem Inc (NYSE: XYL) is a global water technology company that develops products and services for the transportation, treatment, testing and efficient use of water and wastewater. Its offerings support municipal water and wastewater utilities, industrial customers, commercial facilities and residential applications.

The company’s products and solutions include water and wastewater pumps, treatment systems, dewatering equipment, smart meters, monitoring and control technologies, leak detection tools, and data-driven analytics.