Victory Capital Management Inc. Buys 137,883 Shares of Xylem Inc. (NYSE:XYL)

Victory Capital Management Inc. increased its position in Xylem Inc. (NYSE:XYL) by 9.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,627,279 shares of the industrial products company’s stock after acquiring an additional 137,883 shares during the quarter. Victory Capital Management Inc. owned about 0.67% of Xylem worth $219,731,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in Xylem by 12.9% in the 1st quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock worth $43,737,000 after buying an additional 38,603 shares in the last quarter. California State Teachers Retirement System increased its stake in Xylem by 1.4% in the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock valued at $50,902,000 after acquiring an additional 5,477 shares during the last quarter. Cetera Investment Advisers lifted its stake in Xylem by 191.7% during the first quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock worth $3,543,000 after purchasing an additional 18,014 shares during the last quarter. Edgestream Partners L.P. lifted its stake in Xylem by 82.6% during the first quarter. Edgestream Partners L.P. now owns 25,070 shares of the industrial products company’s stock worth $3,240,000 after purchasing an additional 11,344 shares during the last quarter. Finally, BOKF NA boosted its holdings in shares of Xylem by 967.9% in the 1st quarter. BOKF NA now owns 68,941 shares of the industrial products company’s stock worth $8,869,000 after purchasing an additional 62,485 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on XYL shares. TD Cowen dropped their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus boosted their price objective on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. UBS Group assumed 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. Robert W. Baird lowered their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Royal Bank of Canada reduced their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.17.

Xylem Trading Up 0.4 %

Xylem stock traded up $0.48 during mid-day trading on Tuesday, reaching $125.11. 955,592 shares of the company traded hands, compared to its average volume of 1,190,797. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. Xylem Inc. has a 52-week low of $98.21 and a 52-week high of $146.08. The firm has a market capitalization of $30.39 billion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 2.29 and a beta of 1.05. The firm’s 50 day moving average price is $131.21 and its 200 day moving average price is $134.99.

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

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio is currently 42.11%.

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.