Principal Financial Group Inc. Grows Holdings in Xylem Inc. $XYL

Principal Financial Group Inc. raised its stake in Xylem Inc. (NYSE:XYL) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 279,384 shares of the industrial products company’s stock after buying an additional 4,782 shares during the period. Principal Financial Group Inc.’s holdings in Xylem were worth $41,209,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Gitterman Wealth Management LLC grew its position in Xylem by 17.8% in the third quarter. Gitterman Wealth Management LLC now owns 6,991 shares of the industrial products company’s stock worth $1,031,000 after acquiring an additional 1,058 shares in the last quarter. Mutual Advisors LLC bought a new stake in Xylem during the third quarter worth about $437,000. Transcend Capital Advisors LLC boosted its holdings in shares of Xylem by 4.3% in the 3rd quarter. Transcend Capital Advisors LLC now owns 2,455 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 102 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Xylem by 18.3% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 750 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 116 shares during the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of Xylem by 5.1% during the 3rd quarter. Independent Advisor Alliance now owns 5,277 shares of the industrial products company’s stock valued at $778,000 after buying an additional 257 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Xylem Price Performance

XYL stock opened at $139.71 on Thursday. The stock has a market capitalization of $34.02 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 1.97 and a beta of 1.17. The firm’s 50-day moving average price is $139.47 and its two-hundred day moving average price is $141.98. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $154.27.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, November 25th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Xylem’s dividend payout ratio is presently 41.13%.

Wall Street Analyst Weigh In

A number of research analysts have commented on XYL shares. Zacks Research cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. UBS Group upped their price objective on shares of Xylem from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Robert W. Baird set a $178.00 target price on shares of Xylem in a research report on Wednesday, October 29th. Barclays lowered their price target on shares of Xylem from $172.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Finally, William Blair assumed coverage on Xylem in a report on Monday, January 26th. They issued an “outperform” rating on the stock. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and an average target price of $165.80.

Xylem Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.