10,750 Shares in Xylem Inc. (NYSE:XYL) Purchased by Algebris UK Ltd

Algebris UK Ltd purchased a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,750 shares of the industrial products company's stock, valued at approximately $1,205,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Xylem by 2.5% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 208,237 shares of the industrial products company's stock worth $24,160,000 after buying an additional 4,993 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in shares of Xylem in the 4th quarter worth $1,170,000. RD Lewis Holdings Inc. bought a new position in shares of Xylem in the 4th quarter worth $651,000. Axxcess Wealth Management LLC lifted its holdings in shares of Xylem by 14.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 5,061 shares of the industrial products company's stock worth $587,000 after purchasing an additional 641 shares in the last quarter. Finally, Flagship Wealth Advisors LLC bought a new position in shares of Xylem in the 4th quarter worth $39,000. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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Xylem Stock Performance

Shares of Xylem stock traded down $1.57 during trading hours on Friday, hitting $118.27. 2,663,468 shares of the company's stock traded hands, compared to its average volume of 1,223,676. Xylem Inc. has a 12-month low of $113.26 and a 12-month high of $146.08. The stock has a market capitalization of $28.75 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 2.33 and a beta of 1.08. The company has a fifty day simple moving average of $125.24 and a 200-day simple moving average of $126.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL - Get Free Report) last announced 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 firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the firm posted $0.99 EPS. The business's revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a $0.40 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.35%. This is a positive change from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio (DPR) is 43.72%.

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.