Wolverine Asset Management LLC Boosts Position in Xylem Inc (XYL)

Wolverine Asset Management LLC boosted its stake in Xylem Inc (NYSE:XYL) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the industrial products company’s stock after acquiring an additional 5,000 shares during the period. Wolverine Asset Management LLC’s holdings in Xylem were worth $2,046,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in XYL. BlackRock Inc. boosted its holdings in shares of Xylem by 16.0% during the 4th quarter. BlackRock Inc. now owns 14,130,060 shares of the industrial products company’s stock worth $963,668,000 after buying an additional 1,949,335 shares in the last quarter. Parnassus Investments CA boosted its holdings in shares of Xylem by 0.8% during the 4th quarter. Parnassus Investments CA now owns 6,063,309 shares of the industrial products company’s stock worth $413,518,000 after buying an additional 48,919 shares in the last quarter. Impax Asset Management LTD raised its position in shares of Xylem by 0.6% during the third quarter. Impax Asset Management LTD now owns 3,106,646 shares of the industrial products company’s stock worth $194,569,000 after purchasing an additional 18,698 shares during the period. Bank of New York Mellon Corp raised its position in shares of Xylem by 31.6% during the third quarter. Bank of New York Mellon Corp now owns 2,027,810 shares of the industrial products company’s stock worth $127,002,000 after purchasing an additional 487,360 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Xylem by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 2,027,704 shares of the industrial products company’s stock worth $138,016,000 after purchasing an additional 106,271 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

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Shares of XYL traded down $1.82 during trading hours on Monday, reaching $75.10. 939,810 shares of the company’s stock traded hands, compared to its average volume of 1,033,081. The company has a market cap of $13,837.37, a PE ratio of 31.29, a price-to-earnings-growth ratio of 1.48 and a beta of 1.10. The company has a current ratio of 1.88, a quick ratio of 1.41 and a debt-to-equity ratio of 0.87. Xylem Inc has a 12 month low of $48.81 and a 12 month high of $79.83.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.76 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.76. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Xylem had a return on equity of 17.95% and a net margin of 7.03%. Xylem’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. analysts predict that Xylem Inc will post 2.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were given a $0.21 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Wednesday, February 14th. Xylem’s dividend payout ratio (DPR) is currently 35.00%.

In related news, insider Tomas Brannemo sold 1,151 shares of Xylem stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $76.41, for a total transaction of $87,947.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Curtis J. Crawford sold 7,948 shares of Xylem stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $71.77, for a total value of $570,427.96. Following the sale, the director now owns 55,245 shares in the company, valued at $3,964,933.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,105 shares of company stock worth $1,540,907. Corporate insiders own 0.75% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a research report on Monday. BMO Capital Markets reissued a “buy” rating and issued a $86.00 price target on shares of Xylem in a research report on Friday, February 2nd. Canaccord Genuity reaffirmed a “hold” rating and set a $75.00 target price on shares of Xylem in a research report on Sunday, January 28th. Seaport Global Securities reaffirmed a “buy” rating and set a $83.00 target price on shares of Xylem in a research report on Friday, February 2nd. Finally, Cowen reiterated a “buy” rating and set a $80.00 price target on shares of Xylem in a research note on Tuesday, March 6th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $72.92.

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About Xylem

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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