NEOS Investment Management LLC Buys 2,482 Shares of Xylem Inc. (NYSE:XYL)

NEOS Investment Management LLC increased its stake in shares of Xylem Inc. (NYSE:XYL) by 28.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,334 shares of the industrial products company’s stock after purchasing an additional 2,482 shares during the quarter. NEOS Investment Management LLC’s holdings in Xylem were worth $1,315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sava Infond d.o.o. purchased a new stake in shares of Xylem in the fourth quarter valued at $162,000. Elo Mutual Pension Insurance Co raised its position in Xylem by 12.1% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 23,983 shares of the industrial products company’s stock worth $2,783,000 after purchasing an additional 2,582 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Xylem by 7.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 394,495 shares of the industrial products company’s stock worth $46,227,000 after purchasing an additional 28,237 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Xylem by 2.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 48,710 shares of the industrial products company’s stock valued at $5,651,000 after buying an additional 1,287 shares during the last quarter. Finally, First American Trust FSB raised its holdings in shares of Xylem by 1.5% in the fourth quarter. First American Trust FSB now owns 42,841 shares of the industrial products company’s stock worth $4,970,000 after buying an additional 628 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 2.1 %

Shares of NYSE XYL opened at $119.42 on Friday. The stock has a market capitalization 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. 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 Inc. has a 12-month low of $113.26 and a 12-month high of $146.08. The stock’s fifty day simple moving average is $125.70 and its two-hundred day simple moving average is $125.88.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Xylem Inc. will post 4.65 EPS for the current fiscal 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 positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem’s payout ratio is currently 43.72%.

Wall Street Analysts Forecast Growth

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

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.