Principal Financial Group Inc. Buys 4,782 Shares of Xylem Inc. $XYL

Principal Financial Group Inc. increased its stake in Xylem Inc. (NYSE:XYL) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 279,384 shares of the industrial products company’s stock after purchasing an additional 4,782 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of Xylem worth $41,209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Xylem by 14.4% in the first quarter. AQR Capital Management LLC now owns 30,955 shares of the industrial products company’s stock valued at $3,645,000 after buying an additional 3,900 shares during the period. NewEdge Advisors LLC increased its holdings in Xylem by 3.3% in the 1st quarter. NewEdge Advisors LLC now owns 4,151 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 132 shares during the last quarter. Empowered Funds LLC increased its holdings in Xylem by 56.1% in the 1st quarter. Empowered Funds LLC now owns 8,678 shares of the industrial products company’s stock worth $1,037,000 after acquiring an additional 3,120 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Xylem in the 2nd quarter valued at about $58,000. Finally, KLP Kapitalforvaltning AS lifted its holdings in Xylem by 0.5% during the second quarter. KLP Kapitalforvaltning AS now owns 184,103 shares of the industrial products company’s stock valued at $23,816,000 after purchasing an additional 900 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XYL has been the topic of several research reports. Royal Bank Of Canada boosted their price target on shares of Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Barclays lowered their target price on shares of Xylem from $172.00 to $166.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Stifel Nicolaus raised their price target on Xylem from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Argus set a $170.00 price target on Xylem in a research report on Wednesday, October 29th. Finally, Robert W. Baird set a $178.00 price objective on Xylem in a report on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.80.

Xylem Trading Up 0.8%

Xylem stock opened at $139.71 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.50 and a current ratio of 1.96. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $154.27. The stock has a market cap of $34.02 billion, a P/E ratio of 35.92, a PEG ratio of 1.97 and a beta of 1.17. The firm’s fifty day moving average price is $139.47 and its 200-day moving average price is $141.98.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, November 25th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, November 25th. Xylem’s dividend payout ratio (DPR) is 41.13%.

Xylem Company 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.