Covea Finance Increases Stock Holdings in Xylem Inc. (NYSE:XYL)

Covea Finance grew its holdings in shares of Xylem Inc. (NYSE:XYL) by 38.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,286 shares of the industrial products company’s stock after purchasing an additional 29,600 shares during the quarter. Covea Finance’s holdings in Xylem were worth $12,331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. State Street Corp increased its holdings in Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock valued at $1,394,792,000 after buying an additional 189,820 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Xylem by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock valued at $762,804,000 after acquiring an additional 54,877 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Xylem by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock worth $465,760,000 after purchasing an additional 32,645 shares in the last quarter. Swedbank AB raised its holdings in Xylem by 22.8% in the 3rd 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 period. Finally, Impax Asset Management Group plc lifted its position in 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 purchasing an additional 15,825 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Down 0.1 %

Shares of XYL stock opened at $115.48 on Wednesday. The stock’s 50-day moving average price is $121.55 and its 200-day moving average price is $129.20. Xylem Inc. has a 12-month low of $109.39 and a 12-month high of $146.08. The stock has a market capitalization of $28.06 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last issued its quarterly earnings data 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 return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the firm earned $0.99 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts predict that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were given a $0.36 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.25%. Xylem’s dividend payout ratio is presently 42.11%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank of Canada reduced their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Citigroup decreased their target price on shares of Xylem from $148.00 to $147.00 and set a “buy” rating on the stock in a research note on Monday. Stifel Nicolaus dropped their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Robert W. Baird lowered their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average price target of $152.10.

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.