Mattern Capital Management LLC Trims Stock Position in Xylem Inc. (NYSE:XYL)

Mattern Capital Management LLC lessened its holdings in shares of Xylem Inc. (NYSE:XYL) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,898 shares of the industrial products company’s stock after selling 174 shares during the period. Xylem makes up 1.3% of Mattern Capital Management LLC’s holdings, making the stock its 28th biggest position. Mattern Capital Management LLC’s holdings in Xylem were worth $10,113,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Duality Advisers LP purchased a new position in shares of Xylem during the first quarter worth $6,746,000. Russell Investments Group Ltd. raised its holdings in shares of Xylem by 12.9% during the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock worth $43,737,000 after purchasing an additional 38,603 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Xylem by 1.4% during the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock worth $50,902,000 after purchasing an additional 5,477 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Xylem during the first quarter worth $1,487,000. Finally, Daiwa Securities Group Inc. increased its holdings in Xylem by 25.8% in the first quarter. Daiwa Securities Group Inc. now owns 69,701 shares of the industrial products company’s stock valued at $9,008,000 after buying an additional 14,276 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

XYL opened at $130.42 on Friday. The firm has a market capitalization of $31.68 billion, a PE ratio of 41.27, a PEG ratio of 2.31 and a beta of 1.04. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The firm’s 50-day moving average price is $133.67 and its 200 day moving average price is $135.24. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. Xylem’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, sell-side analysts expect that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 45.57%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XYL. Stifel Nicolaus lifted their price objective on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird lifted their price objective on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada lifted their price objective on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group began coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, TD Cowen reaffirmed a “hold” rating and issued a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.67.

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.