Xylem Inc. (NYSE:XYL) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 28.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,334 shares of the industrial products company’s stock after buying an additional 2,482 shares during the period. NEOS Investment Management LLC’s holdings in Xylem were worth $1,315,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in shares of Xylem in the third quarter valued at about $55,000. Glenmede Trust Co. NA lifted its position in Xylem by 3.4% during the third quarter. Glenmede Trust Co. NA now owns 18,399 shares of the industrial products company’s stock valued at $2,484,000 after purchasing an additional 605 shares during the period. Public Sector Pension Investment Board grew its position in Xylem by 12.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 10,610 shares of the industrial products company’s stock worth $1,433,000 after purchasing an additional 1,200 shares during the period. Erste Asset Management GmbH acquired a new stake in Xylem during the 3rd quarter worth about $68,593,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Xylem in the 3rd quarter valued at about $131,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Stifel Nicolaus lowered their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Robert W. Baird increased their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $149.89.

Xylem Stock Performance

NYSE XYL opened at $119.42 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 50 day simple moving average is $125.70 and its 200-day simple moving average is $125.88. The company has a market cap of $29.02 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08.

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

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. Xylem’s dividend payout ratio (DPR) is currently 43.72%.

Xylem 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.