407 Shares in Xylem Inc. (NYSE:XYL) Bought by Brooklyn Investment Group

Brooklyn Investment Group bought a new position in Xylem Inc. (NYSE:XYL) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 407 shares of the industrial products company’s stock, valued at approximately $55,000.

A number of other institutional investors also recently bought and sold shares of the stock. Swedbank AB raised its holdings in Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares during the period. Mirova US LLC raised its holdings in Xylem by 2.0% during the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock valued at $254,526,000 after acquiring an additional 36,013 shares during the period. Impax Asset Management Group plc raised its holdings in Xylem by 1.0% during the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock valued at $226,555,000 after acquiring an additional 15,825 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Xylem by 2.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock valued at $227,364,000 after acquiring an additional 36,601 shares during the period. Finally, Champlain Investment Partners LLC raised its holdings in Xylem by 17.8% during the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock valued at $223,851,000 after acquiring an additional 249,975 shares during the period. 87.96% of the stock is owned by institutional investors.

Xylem Trading Up 0.9 %

XYL opened at $126.68 on Friday. The firm has a market cap of $30.78 billion, a P/E ratio of 37.04, a P/E/G ratio of 2.31 and a beta of 1.05. Xylem Inc. has a 12 month low of $102.67 and a 12 month high of $146.08. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average of $129.53 and a 200 day moving average of $133.88.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. The company 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%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.99 earnings per share. As a group, research analysts forecast that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be given a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.14%. Xylem’s dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

A number of research firms have commented on XYL. TD Cowen decreased their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada decreased their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Robert W. Baird decreased their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, UBS Group began coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Xylem has an average rating of “Moderate Buy” and an average price target of $149.64.

Xylem Company 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.