Stevens Capital Management LP Makes New Investment in Xylem Inc. (NYSE:XYL)

Stevens Capital Management LP acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the 4th quarter, Holdings Channel reports. The firm acquired 7,888 shares of the industrial products company’s stock, valued at approximately $902,000.

Several other large investors have also recently added to or reduced their stakes in the company. Syon Capital LLC bought a new position in Xylem in the fourth quarter valued at about $214,000. Bailard Inc. boosted its position in Xylem by 1.3% in the fourth quarter. Bailard Inc. now owns 22,673 shares of the industrial products company’s stock worth $2,593,000 after purchasing an additional 302 shares during the last quarter. Sycomore Asset Management boosted its position in Xylem by 68.0% in the fourth quarter. Sycomore Asset Management now owns 19,544 shares of the industrial products company’s stock worth $2,235,000 after purchasing an additional 7,914 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Xylem by 10.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,818 shares of the industrial products company’s stock valued at $665,000 after buying an additional 552 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Xylem by 4.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,605 shares of the industrial products company’s stock valued at $527,000 after buying an additional 196 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 0.0 %

XYL stock traded down $0.06 on Thursday, hitting $130.61. 963,557 shares of the company’s stock were exchanged, compared to its average volume of 1,154,331. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76. The firm has a 50 day moving average price of $127.30 and a two-hundred day moving average price of $113.22. The stock has a market cap of $31.66 billion, a P/E ratio of 48.04, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $132.23.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. Xylem’s quarterly revenue was up 40.6% compared to the same quarter last year. As a group, equities research analysts expect that Xylem Inc. will post 4.13 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.36 per share. This is a positive change from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 1.10%. The ex-dividend date was Tuesday, February 20th. Xylem’s payout ratio is 52.94%.

Insiders Place Their Bets

In other Xylem news, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the completion of the sale, the senior vice president now directly owns 11,750 shares in the company, valued at approximately $1,431,032.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Franz Cerwinka sold 2,408 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the completion of the sale, the senior vice president now directly owns 11,750 shares in the company, valued at $1,431,032.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the sale, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at $360,682.15. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

XYL has been the topic of a number of recent research reports. Raymond James raised Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. BNP Paribas began coverage on Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price objective on the stock. Robert W. Baird upped their target price on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Oppenheimer upped their target price on Xylem from $133.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Finally, Stifel Nicolaus increased their price objective on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.11.

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.