Public Sector Pension Investment Board Acquires 4,103 Shares of Xylem Inc. (NYSE:XYL)

Public Sector Pension Investment Board grew its position in Xylem Inc. (NYSE:XYL) by 77.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,410 shares of the industrial products company’s stock after purchasing an additional 4,103 shares during the quarter. Public Sector Pension Investment Board’s holdings in Xylem were worth $1,276,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. J. Stern & Co. LLP boosted its stake in shares of Xylem by 2.5% in the 2nd quarter. J. Stern & Co. LLP now owns 289,984 shares of the industrial products company’s stock valued at $39,331,000 after purchasing an additional 7,179 shares during the last quarter. Frank Rimerman Advisors LLC boosted its stake in shares of Xylem by 22,544.4% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,038 shares of the industrial products company’s stock valued at $276,000 after purchasing an additional 2,029 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Xylem by 5.8% in the 2nd quarter. ProShare Advisors LLC now owns 43,676 shares of the industrial products company’s stock valued at $5,924,000 after purchasing an additional 2,385 shares during the last quarter. Sompo Asset Management Co. Ltd. boosted its stake in shares of Xylem by 25.7% in the 2nd quarter. Sompo Asset Management Co. Ltd. now owns 4,200 shares of the industrial products company’s stock valued at $570,000 after purchasing an additional 860 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Xylem by 399.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 51,282 shares of the industrial products company’s stock valued at $6,955,000 after purchasing an additional 41,010 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Stock Performance

Shares of XYL stock opened at $134.39 on Wednesday. The firm has a 50-day moving average of $133.00 and a 200-day moving average of $134.58. The company has a market cap of $32.58 billion, a P/E ratio of 47.83, a P/E/G ratio of 2.37 and a beta of 1.04. 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 Inc. has a one year low of $87.59 and a one year high of $146.08.

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

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.07%. Xylem’s dividend payout ratio is presently 51.25%.

Analyst Ratings Changes

A number of research analysts recently issued reports on XYL shares. Royal Bank of Canada boosted their target price on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. UBS Group started coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price on the stock. TD Cowen reiterated a “hold” rating and set a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Robert W. Baird boosted their target price on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, 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 report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.54.

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.