FORA Capital LLC Invests $2.19 Million in Xylem Inc. (NYSE:XYL)

FORA Capital LLC purchased a new stake in Xylem Inc. (NYSE:XYL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,251 shares of the industrial products company’s stock, valued at approximately $2,194,000.

Other hedge funds have also bought and sold shares of the company. Blueshift Asset Management LLC bought a new position in Xylem in the third quarter worth about $365,000. Glenmede Trust Co. NA lifted its holdings in shares of Xylem by 3.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 18,399 shares of the industrial products company’s stock worth $2,484,000 after purchasing an additional 605 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Xylem by 16.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 547,435 shares of the industrial products company’s stock worth $73,920,000 after purchasing an additional 77,639 shares during the last quarter. J. Stern & Co. LLP boosted its position in Xylem by 4.9% during the 3rd quarter. J. Stern & Co. LLP now owns 304,326 shares of the industrial products company’s stock valued at $41,093,000 after purchasing an additional 14,342 shares during the period. Finally, Lazard Freres Gestion S.A.S. grew its stake in Xylem by 8.8% during the 3rd quarter. Lazard Freres Gestion S.A.S. now owns 6,310 shares of the industrial products company’s stock worth $852,000 after buying an additional 510 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XYL has been the subject of several analyst reports. TD Cowen reduced their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus boosted their target price on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird dropped their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. UBS Group initiated coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target on the stock. Finally, Royal Bank of Canada reduced their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and a consensus price target of $149.64.

Xylem Stock Performance

Shares of NYSE XYL opened at $125.60 on Thursday. Xylem Inc. has a 1 year low of $102.63 and a 1 year high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The stock has a fifty day moving average price of $129.89 and a two-hundred day moving average price of $134.00. The firm has a market cap of $30.51 billion, a P/E ratio of 36.73, a PEG ratio of 2.29 and a beta of 1.05.

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

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.15%. Xylem’s payout ratio is currently 42.11%.

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.