Citizens Financial Group Inc. RI Boosts Stock Position in Xylem Inc. (NYSE:XYL)

Citizens Financial Group Inc. RI boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 9.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,648 shares of the industrial products company’s stock after purchasing an additional 224 shares during the period. Citizens Financial Group Inc. RI’s holdings in Xylem were worth $358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of XYL. Swedbank AB lifted its stake in Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after acquiring an additional 554,609 shares during the period. Mirova US LLC lifted its position in shares of Xylem by 2.0% in the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after purchasing an additional 36,013 shares during the period. Impax Asset Management Group plc boosted its stake in shares of Xylem by 1.0% during the 3rd quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock valued at $226,555,000 after purchasing an additional 15,825 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Xylem by 2.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock valued at $227,364,000 after buying an additional 36,601 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Xylem by 9.3% in the third quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock worth $219,731,000 after buying an additional 137,883 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 1.2 %

Shares of Xylem stock opened at $126.87 on Friday. The company has a 50-day simple moving average of $130.14 and a two-hundred day simple moving average of $134.27. Xylem Inc. has a 52-week low of $102.42 and a 52-week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The stock has a market capitalization of $30.82 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 EPS. On average, analysts anticipate that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.14%. Xylem’s payout ratio is 42.11%.

Wall Street Analyst Weigh In

XYL has been the topic of several research reports. Robert W. Baird cut their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada dropped their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. TD Cowen decreased their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and an average price target of $149.64.

About Xylem

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.