Paloma Partners Management Co Buys New Shares in Xylem Inc. (NYSE:XYL)

Paloma Partners Management Co purchased a new position in Xylem Inc. (NYSE:XYL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,494 shares of the industrial products company’s stock, valued at approximately $202,000.

Several other institutional investors have also recently made changes to their positions in XYL. Cetera Investment Advisers raised its position in shares of Xylem by 191.7% during the 1st quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock valued at $3,543,000 after purchasing an additional 18,014 shares during the period. Cetera Advisors LLC raised its holdings in Xylem by 138.5% during the first quarter. Cetera Advisors LLC now owns 4,770 shares of the industrial products company’s stock valued at $616,000 after acquiring an additional 2,770 shares during the period. CWM LLC boosted its stake in shares of Xylem by 2.0% in the second quarter. CWM LLC now owns 8,110 shares of the industrial products company’s stock worth $1,100,000 after acquiring an additional 161 shares during the period. Czech National Bank grew its position in shares of Xylem by 8.9% during the second quarter. Czech National Bank now owns 46,200 shares of the industrial products company’s stock worth $6,266,000 after purchasing an additional 3,783 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Xylem by 63.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 242,202 shares of the industrial products company’s stock valued at $32,850,000 after purchasing an additional 93,984 shares during the period. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 0.1 %

Shares of NYSE XYL opened at $126.37 on Friday. Xylem Inc. has a 1-year low of $105.26 and a 1-year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The business’s 50 day moving average is $128.67 and its two-hundred day moving average is $133.11. The stock has a market capitalization of $30.70 billion, a P/E ratio of 36.95, a PEG ratio of 2.35 and a beta of 1.05.

Xylem (NYSE:XYL) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. As a group, research analysts expect that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on XYL. UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. TD Cowen cut their target price 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. Robert W. Baird dropped their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Royal Bank of Canada cut their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.64.

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.