UniSuper Management Pty Ltd Has $12.74 Million Holdings in Xylem Inc. (NYSE:XYL)

UniSuper Management Pty Ltd cut its position in shares of Xylem Inc. (NYSE:XYL) by 46.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,847 shares of the industrial products company’s stock after selling 94,002 shares during the period. UniSuper Management Pty Ltd’s holdings in Xylem were worth $12,744,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in XYL. Raymond James Trust N.A. lifted its stake in Xylem by 14.8% in the third quarter. Raymond James Trust N.A. now owns 2,200 shares of the industrial products company’s stock valued at $297,000 after acquiring an additional 284 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Xylem by 12.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 973 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 108 shares during the last quarter. Brooklyn Investment Group bought a new stake in Xylem in the third quarter worth $55,000. BNP Paribas Financial Markets increased its position in Xylem by 16.5% during the third quarter. BNP Paribas Financial Markets now owns 547,435 shares of the industrial products company’s stock worth $73,920,000 after buying an additional 77,639 shares during the last quarter. Finally, Glenmede Trust Co. NA increased 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 worth $2,484,000 after buying an additional 605 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Xylem Trading Down 0.8 %

Shares of Xylem stock opened at $122.19 on Friday. Xylem Inc. has a 1 year low of $113.26 and a 1 year high of $146.08. The company’s fifty day simple moving average is $125.71 and its 200-day simple moving average is $125.97. The company has a market cap of $29.70 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 2.33 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 10.40% and a return on equity of 9.96%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. As a group, sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a $0.40 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.31%. Xylem’s dividend payout ratio is 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.