Mountain Pacific Investment Advisers Inc. ID Has $48.24 Million Position in Xylem Inc. (NYSE:XYL)

Mountain Pacific Investment Advisers Inc. ID grew its holdings in Xylem Inc. (NYSE:XYL) by 0.4% in the first quarter, HoldingsChannel reports. The fund owned 373,264 shares of the industrial products company’s stock after buying an additional 1,592 shares during the period. Xylem accounts for 2.7% of Mountain Pacific Investment Advisers Inc. ID’s portfolio, making the stock its 14th largest position. Mountain Pacific Investment Advisers Inc. ID’s holdings in Xylem were worth $48,241,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of XYL. Norges Bank bought a new stake in shares of Xylem in the fourth quarter valued at about $198,207,000. Artisan Partners Limited Partnership bought a new stake in Xylem during the fourth quarter worth about $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Xylem by 1,503.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after purchasing an additional 1,547,043 shares during the period. Kodai Capital Management LP bought a new stake in Xylem during the fourth quarter worth about $133,945,000. Finally, Balyasny Asset Management L.P. lifted its position in Xylem by 4,769.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock worth $106,056,000 after purchasing an additional 908,343 shares during the period. Institutional investors own 87.96% of the company’s stock.

Insider Buying and Selling at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the transaction, the chief accounting officer now directly owns 3,536 shares in the company, valued at approximately $490,195.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the sale, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the sale, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XYL. Royal Bank of Canada upped their price objective on shares of Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Oppenheimer increased their target price on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Robert W. Baird increased their target price on shares of Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. TD Cowen upped their price objective on Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Mizuho increased their target price on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and an average target price of $142.92.

Xylem Stock Down 0.4 %

Shares of XYL traded down $0.56 during trading hours on Friday, reaching $138.67. The stock had a trading volume of 1,699,102 shares, compared to its average volume of 1,228,271. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08. The firm has a 50-day simple moving average of $137.79 and a 200 day simple moving average of $125.96. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $33.62 billion, a price-to-earnings ratio of 49.35, a P/E/G ratio of 2.46 and a beta of 1.07.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the business earned $0.72 EPS. Xylem’s quarterly revenue was up 40.4% compared to the same quarter last year. Equities research analysts predict that Xylem Inc. will post 4.25 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, May 30th. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Xylem Company Profile

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.