Union Bancaire Privee UBP SA Purchases Shares of 29,120 Xylem Inc. (NYSE:XYL)

Union Bancaire Privee UBP SA acquired a new stake in Xylem Inc. (NYSE:XYL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,120 shares of the industrial products company’s stock, valued at approximately $3,395,000.

Other institutional investors have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Xylem by 94.9% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 66,539 shares of the industrial products company’s stock worth $7,720,000 after acquiring an additional 32,400 shares during the last quarter. Redmond Asset Management LLC lifted its stake in shares of Xylem by 2.1% during the 4th quarter. Redmond Asset Management LLC now owns 28,384 shares of the industrial products company’s stock worth $3,293,000 after acquiring an additional 574 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Xylem by 25.2% during the 4th quarter. Allianz Asset Management GmbH now owns 740,075 shares of the industrial products company’s stock worth $85,864,000 after acquiring an additional 148,759 shares during the last quarter. Nicholson Wealth Management Group LLC lifted its stake in shares of Xylem by 159.7% during the 4th quarter. Nicholson Wealth Management Group LLC now owns 12,608 shares of the industrial products company’s stock worth $1,463,000 after acquiring an additional 7,753 shares during the last quarter. Finally, Mattern Capital Management LLC increased its holdings in Xylem by 5.4% during the 4th quarter. Mattern Capital Management LLC now owns 78,939 shares of the industrial products company’s stock worth $9,159,000 after purchasing an additional 4,041 shares during the period. 87.96% of the stock is owned by institutional investors.

Xylem Stock Down 1.9 %

Shares of XYL stock opened at $127.32 on Friday. Xylem Inc. has a 1-year low of $113.26 and a 1-year high of $146.08. The stock’s fifty day moving average price is $121.81 and its 200 day moving average price is $127.19. 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 cap of $30.93 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 2.33 and a beta of 1.07.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, topping 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 previous year, the business earned $0.99 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.26%. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, February 18th. Xylem’s payout ratio is 43.72%.

Wall Street Analyst Weigh In

Several research firms have commented on XYL. TD Cowen reduced their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Robert W. Baird raised their price objective on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Stifel Nicolaus reduced their price objective on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Citigroup downgraded Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.90.

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.