Xylem Inc. $XYL Position Lifted by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC increased its position in Xylem Inc. (NYSE:XYL) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 141,766 shares of the industrial products company’s stock after purchasing an additional 7,403 shares during the quarter. Xylem makes up about 2.4% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 10th largest holding. Mountain Pacific Investment Advisers LLC owned about 0.06% of Xylem worth $14,357,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. XXEC Inc. purchased a new position in Xylem during the second quarter valued at $850,841,000. BlackRock Inc. bought a new stake in shares of Xylem during the 2nd quarter valued at $2,959,730,000. Bank of New York Mellon Corp purchased a new stake in shares of Xylem in the 2nd quarter worth about $552,313,000. Hsbc Holdings PLC purchased a new stake in shares of Xylem in the 2nd quarter worth about $319,785,000. Finally, Deutsche Bank AG purchased a new stake in shares of Xylem in the 2nd quarter worth about $223,165,000. 87.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Xylem news, Director D Koch bought 11,000 shares of the firm’s stock in a transaction on Thursday, October 29th. The stock was acquired at an average price of $89.60 per share, with a total value of $985,600.00. Following the transaction, the director owned 12,247 shares in the company, valued at $1,097,331.20. This represents a 882.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on XYL shares. JPMorgan Chase & Co. cut shares of Xylem from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $118.00 to $90.00 in a research report on Wednesday, October 28th. BNP Paribas Exane cut their price objective on shares of Xylem from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, October 28th. The Goldman Sachs Group decreased their target price on shares of Xylem from $160.00 to $138.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Royal Bank Of Canada decreased their target price on shares of Xylem from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Finally, UBS Group lowered their target price on shares of Xylem from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Xylem currently has a consensus rating of “Hold” and a consensus price target of $121.31.

Xylem Stock Performance

Shares of XYL opened at $96.08 on Wednesday. The company has a market cap of $22.04 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.62 and a beta of 1.01. The business’s fifty day simple moving average is $104.36 and its two-hundred day simple moving average is $117.13. Xylem Inc. has a 12 month low of $87.40 and a 12 month high of $152.43. The company has a current ratio of 1.39, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.01). The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Xylem had a return on equity of 12.06% and a net margin of 11.94%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.37 EPS. Research analysts anticipate that Xylem Inc. will post 5.45 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, August 27th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, August 27th. Xylem’s dividend payout ratio (DPR) is presently 38.05%.

About Xylem

Xylem Inc (NYSE: XYL) is a global water technology company that develops products and services for the transportation, treatment, testing and efficient use of water and wastewater. Its offerings support municipal water and wastewater utilities, industrial customers, commercial facilities and residential applications.

The company’s products and solutions include water and wastewater pumps, treatment systems, dewatering equipment, smart meters, monitoring and control technologies, leak detection tools, and data-driven analytics.