Brooklyn Investment Group Makes New $55,000 Investment in Xylem Inc. (NYSE:XYL)

Brooklyn Investment Group acquired a new position in Xylem Inc. (NYSE:XYL) in the 3rd quarter, HoldingsChannel reports. The fund acquired 407 shares of the industrial products company’s stock, valued at approximately $55,000.

Several other institutional investors have also added to or reduced their stakes in the company. 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 purchasing an additional 554,609 shares during the last quarter. Mirova US LLC raised its stake in shares of Xylem by 2.0% during the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock valued at $254,526,000 after acquiring an additional 36,013 shares in the last quarter. Impax Asset Management Group plc raised its stake in shares of Xylem by 1.0% during the third 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 acquiring an additional 15,825 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake 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 acquiring an additional 36,601 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its stake in shares of Xylem by 17.8% during the third quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock valued at $223,851,000 after acquiring an additional 249,975 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of NYSE:XYL opened at $126.68 on Friday. The firm has a 50 day moving average of $129.53 and a 200 day moving average of $133.88. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52 week low of $102.67 and a 52 week high of $146.08. The company has a market capitalization of $30.78 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (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 for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts predict that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

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

Analyst Upgrades and Downgrades

XYL has been the subject of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Robert W. Baird decreased 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. UBS Group initiated coverage on shares of Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Finally, TD Cowen decreased their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.