Impax Asset Management Group plc Has $226.56 Million Stock Position in Xylem Inc. (NYSE:XYL)

Impax Asset Management Group plc raised its position in Xylem Inc. (NYSE:XYL) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,677,816 shares of the industrial products company’s stock after acquiring an additional 15,825 shares during the period. Impax Asset Management Group plc owned about 0.69% of Xylem worth $226,555,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after buying an additional 77 shares in the last quarter. Bangor Savings Bank raised its holdings in shares of Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after buying an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Xylem in the 2nd quarter worth approximately $33,000. Blue Trust Inc. raised its holdings in shares of Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after buying an additional 249 shares in the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new position in shares of Xylem in the 2nd quarter worth approximately $47,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Up 1.2 %

Shares of XYL opened at $120.84 on Tuesday. The firm has a market capitalization of $29.36 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 2.12 and a beta of 1.05. 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 business’s fifty day moving average price is $132.78 and its two-hundred day moving average price is $135.24. Xylem Inc. has a 52 week low of $95.35 and a 52 week high of $146.08.

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

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.19%. Xylem’s dividend payout ratio is currently 42.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada dropped their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday. TD Cowen reaffirmed a “hold” rating and set a $138.00 price target on shares of Xylem in a report on Tuesday, September 3rd. Robert W. Baird dropped their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday. UBS Group initiated coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Finally, Stifel Nicolaus raised their price target on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and an average target price of $148.25.

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.