UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 301,070 Shares of Xylem Inc. (NYSE:XYL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Xylem Inc. (NYSE:XYL) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,750,377 shares of the industrial products company’s stock after buying an additional 301,070 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Xylem were worth $435,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of XYL. Lee Danner & Bass Inc. bought a new position in shares of Xylem during the 4th quarter valued at $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem during the 4th quarter valued at $31,000. Heck Capital Advisors LLC bought a new position in shares of Xylem during the 4th quarter valued at $36,000. Pathway Financial Advisers LLC lifted its holdings in shares of Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after buying an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company’s stock valued at $37,000 after buying an additional 130 shares during the period. 87.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Xylem Trading Down 0.8%

Shares of XYL stock opened at $126.94 on Wednesday. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The firm has a market capitalization of $30.89 billion, a PE ratio of 34.68, a PEG ratio of 2.33 and a beta of 1.10. The stock has a fifty day simple moving average of $117.41 and a two-hundred day simple moving average of $121.45.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business posted $0.90 EPS. Xylem’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, 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 paid a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. Xylem’s payout ratio is presently 43.01%.

About Xylem

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.