Sei Investments Co. Increases Holdings in Xylem Inc. (NYSE:XYL)

Sei Investments Co. lifted its position in Xylem Inc. (NYSE:XYL) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,158,533 shares of the industrial products company’s stock after purchasing an additional 63,409 shares during the period. Sei Investments Co. owned 0.48% of Xylem worth $134,413,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in Xylem by 24.6% during the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock worth $3,125,000 after buying an additional 5,286 shares during the period. MML Investors Services LLC lifted its holdings in Xylem by 66.9% during the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock worth $2,152,000 after buying an additional 6,386 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Xylem by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock worth $181,719,000 after buying an additional 5,817 shares during the period. Swedbank AB lifted its holdings in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after buying an additional 691,618 shares during the period. Finally, Groupama Asset Managment lifted its holdings in Xylem by 89.6% during the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock worth $2,206,000 after buying an additional 7,723 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

XYL has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Robert W. Baird upped their price target on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

Xylem Price Performance

NYSE XYL opened at $118.27 on Friday. 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 stock’s fifty day moving average price is $125.24 and its 200 day moving average price is $126.15. Xylem Inc. has a 1 year low of $113.26 and a 1 year high of $146.08. The company has a market cap of $28.75 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm earned $0.99 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.40 per share. This is an increase from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.35%. The ex-dividend date was Tuesday, February 18th. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

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.