Candriam S.C.A. Increases Stock Position in Xylem Inc. $XYL

Candriam S.C.A. increased its holdings in Xylem Inc. (NYSE:XYL) by 11.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 555,602 shares of the industrial products company’s stock after acquiring an additional 57,559 shares during the quarter. Candriam S.C.A. owned approximately 0.23% of Xylem worth $81,951,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Xylem during the second quarter worth about $338,232,000. ABN AMRO Bank N.V. purchased a new stake in Xylem during the 2nd quarter valued at approximately $208,226,000. Swedbank AB lifted its position in Xylem by 19.0% during the 3rd quarter. Swedbank AB now owns 5,197,753 shares of the industrial products company’s stock worth $766,669,000 after acquiring an additional 830,821 shares during the period. Amundi grew its stake in shares of Xylem by 17.0% in the 2nd quarter. Amundi now owns 5,714,576 shares of the industrial products company’s stock valued at $730,717,000 after purchasing an additional 830,337 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Xylem by 544.0% in the third quarter. Voya Investment Management LLC now owns 868,755 shares of the industrial products company’s stock valued at $128,141,000 after purchasing an additional 733,860 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE XYL opened at $142.26 on Monday. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $154.27. The company has a market capitalization of $34.64 billion, a P/E ratio of 36.57, a PEG ratio of 2.02 and a beta of 1.17. The business has a 50 day moving average price of $139.46 and a 200 day moving average price of $142.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.50.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th were given a $0.40 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem’s payout ratio is currently 41.13%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on XYL shares. UBS Group lifted their price objective on shares of Xylem from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. TD Cowen restated a “hold” rating on shares of Xylem in a research note on Friday, December 5th. Citigroup boosted their price target on shares of Xylem from $173.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Barclays cut their price target on shares of Xylem from $172.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Finally, Wall Street Zen cut Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.80.

Xylem 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.