AlphaQuest LLC Has $934,000 Holdings in Xylem Inc. $XYL

AlphaQuest LLC boosted its holdings in Xylem Inc. (NYSE:XYL) by 632,800.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,329 shares of the industrial products company’s stock after purchasing an additional 6,328 shares during the quarter. AlphaQuest LLC’s holdings in Xylem were worth $934,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in XYL. Vanguard Group Inc. boosted its stake in shares of Xylem by 2.4% in the second quarter. Vanguard Group Inc. now owns 29,697,829 shares of the industrial products company’s stock valued at $3,841,711,000 after buying an additional 691,285 shares during the period. Geode Capital Management LLC raised its holdings in Xylem by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 6,141,231 shares of the industrial products company’s stock valued at $791,029,000 after acquiring an additional 136,605 shares in the last quarter. Amundi lifted its position in shares of Xylem by 17.0% during the 2nd quarter. Amundi now owns 5,714,576 shares of the industrial products company’s stock valued at $730,717,000 after acquiring an additional 830,337 shares during the period. Impax Asset Management Group plc lifted its position in shares of Xylem by 13.7% during the 2nd quarter. Impax Asset Management Group plc now owns 5,499,688 shares of the industrial products company’s stock valued at $709,183,000 after acquiring an additional 663,191 shares during the period. Finally, Swedbank AB grew its holdings in shares of 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 purchasing an additional 830,821 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Up 1.5%

Shares of NYSE:XYL opened at $139.97 on Tuesday. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $154.27. The company has a market capitalization of $34.08 billion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 1.96 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.50 and a current ratio of 1.96. The company has a fifty day moving average of $139.56 and a 200-day moving average of $141.95.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, November 25th were paid 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 of this dividend was Tuesday, November 25th. Xylem’s dividend payout ratio (DPR) is presently 41.13%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Argus set a $170.00 price target on Xylem in a research note on Wednesday, October 29th. William Blair started coverage on shares of Xylem in a research report on Monday, January 26th. They issued an “outperform” rating for the company. Wall Street Zen downgraded shares of Xylem from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Robert W. Baird set a $178.00 price objective on shares of Xylem in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada upped their target price on Xylem from $169.00 to $176.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.80.

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.