Glenmede Trust Co. NA Boosts Holdings in Xylem Inc. (NYSE:XYL)

Glenmede Trust Co. NA increased its position in shares of Xylem Inc. (NYSE:XYL) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,399 shares of the industrial products company’s stock after buying an additional 605 shares during the quarter. Glenmede Trust Co. NA’s holdings in Xylem were worth $2,484,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in XYL. BNP Paribas Financial Markets raised its position in Xylem by 16.5% in the third quarter. BNP Paribas Financial Markets now owns 547,435 shares of the industrial products company’s stock valued at $73,920,000 after purchasing an additional 77,639 shares during the period. J. Stern & Co. LLP increased its position in shares of Xylem by 4.9% during the 3rd quarter. J. Stern & Co. LLP now owns 304,326 shares of the industrial products company’s stock worth $41,093,000 after purchasing an additional 14,342 shares during the last quarter. Lazard Freres Gestion S.A.S. raised its holdings in Xylem by 8.8% in the 3rd quarter. Lazard Freres Gestion S.A.S. now owns 6,310 shares of the industrial products company’s stock valued at $852,000 after buying an additional 510 shares during the period. Brooklyn Investment Group acquired a new position in Xylem in the third quarter valued at about $55,000. Finally, Brown Brothers Harriman & Co. boosted its stake in Xylem by 12.5% during the third quarter. Brown Brothers Harriman & Co. now owns 973 shares of the industrial products company’s stock worth $131,000 after buying an additional 108 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. TD Cowen dropped their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. UBS Group assumed coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Royal Bank of Canada decreased their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Robert W. Baird dropped their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.64.

Xylem Stock Performance

Shares of Xylem stock opened at $126.75 on Friday. The business has a 50-day simple moving average of $129.37 and a 200-day simple moving average of $133.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. Xylem Inc. has a one year low of $102.67 and a one year high of $146.08. The company has a market cap of $30.79 billion, a PE ratio of 37.06, a P/E/G ratio of 2.31 and a beta of 1.05.

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 company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. On average, equities research analysts forecast that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm 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 dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is 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.