UBS Asset Management Americas Inc. Raises Holdings in Xylem Inc. (NYSE:XYL)


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UBS Asset Management Americas Inc. lifted its stake in shares of Xylem Inc. (NYSE:XYL) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,150,396 shares of the industrial products company’s stock after buying an additional 105,452 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.64% of Xylem worth $117,099,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in XYL. JustInvest LLC lifted its stake in Xylem by 4.1% in the fourth quarter. JustInvest LLC now owns 3,464 shares of the industrial products company’s stock worth $353,000 after acquiring an additional 137 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Xylem by 4.1% in the 4th quarter. Whittier Trust Co. now owns 3,641 shares of the industrial products company’s stock valued at $370,000 after purchasing an additional 145 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Xylem by 1.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,472 shares of the industrial products company’s stock worth $964,000 after purchasing an additional 147 shares during the last quarter. Cannell Peter B & Co. Inc. increased its holdings in Xylem by 1.4% in the fourth quarter. Cannell Peter B & Co. Inc. now owns 10,687 shares of the industrial products company’s stock valued at $1,088,000 after buying an additional 150 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in Xylem by 6.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,782 shares of the industrial products company’s stock valued at $283,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 84.92% of the company’s stock.

A number of research analysts have recently commented on XYL shares. Citigroup dropped their price objective on Xylem from $113.00 to $109.00 and set a “neutral” rating on the stock in a report on Friday, February 5th. Stifel Nicolaus lowered shares of Xylem from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Tuesday, December 15th. They noted that the move was a valuation call. Raymond James downgraded shares of Xylem from an “outperform” rating to a “market perform” rating in a research report on Friday, January 8th. Credit Suisse Group increased their target price on shares of Xylem from $89.00 to $90.00 and gave the company an “underperform” rating in a research report on Friday, February 5th. Finally, Morgan Stanley initiated coverage on shares of Xylem in a research report on Wednesday, March 31st. They issued an “overweight” rating and a $120.00 price target for the company. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $81.46.

Shares of XYL opened at $105.94 on Thursday. The firm’s 50-day moving average is $101.95 and its two-hundred day moving average is $97.18. Xylem Inc. has a twelve month low of $56.63 and a twelve month high of $108.84. The company has a current ratio of 2.40, a quick ratio of 1.97 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $19.11 billion, a P/E ratio of 76.22, a PEG ratio of 4.89 and a beta of 1.05.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, February 4th. The industrial products company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.13. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.29 billion. Xylem had a return on equity of 14.72% and a net margin of 5.09%. Xylem’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $1.34 EPS. Analysts predict that Xylem Inc. will post 1.85 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 18th. Investors of record on Thursday, February 18th were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, February 17th. This is a positive change from Xylem’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.06%. Xylem’s payout ratio is currently 37.09%.

In related news, SVP Colin R. Sabol sold 5,596 shares of Xylem stock in a transaction that occurred on Tuesday, January 19th. The stock was sold at an average price of $104.44, for a total transaction of $584,446.24. Following the completion of the transaction, the senior vice president now directly owns 28,952 shares in the company, valued at approximately $3,023,746.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kairus Tarapore sold 401 shares of the company’s stock in a transaction that occurred on Friday, March 5th. The shares were sold at an average price of $99.53, for a total value of $39,911.53. Following the completion of the sale, the senior vice president now directly owns 14,409 shares in the company, valued at approximately $1,434,127.77. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,392 shares of company stock worth $1,907,808. 1.01% of the stock is owned by corporate insiders.

Xylem Company Profile

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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