Xylem Inc. (NYSE:XYL) Shares Acquired by USS Investment Management Ltd

USS Investment Management Ltd increased its holdings in Xylem Inc. (NYSE:XYL) by 51.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,694 shares of the industrial products company’s stock after buying an additional 9,017 shares during the period. USS Investment Management Ltd’s holdings in Xylem were worth $3,098,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB boosted its holdings in shares of Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock valued at $427,325,000 after buying an additional 691,618 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Xylem by 31.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company’s stock valued at $67,000 after buying an additional 139 shares during the period. Triodos Investment Management BV boosted its holdings in shares of Xylem by 12.7% in the 4th quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company’s stock valued at $27,149,000 after buying an additional 26,300 shares during the period. Stoneridge Investment Partners LLC acquired a new position in shares of Xylem in the 4th quarter valued at about $3,754,000. Finally, Allianz SE acquired a new position in shares of Xylem in the 4th quarter valued at about $1,910,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Performance

XYL opened at $124.02 on Friday. The business has a 50 day moving average price of $117.57 and a two-hundred day moving average price of $121.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The company has a market capitalization of $30.18 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $145.09.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, May 29th. Xylem’s payout ratio is 43.01%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Robert W. Baird reduced their target price on shares of Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Raymond James raised shares of Xylem to a “hold” rating in a research note on Thursday, May 15th. Royal Bank of Canada boosted their target price on shares of Xylem from $143.00 to $147.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Finally, Citigroup reduced their target price on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $146.88.

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.