CenterBook Partners LP Has $1.39 Million Position in Xylem Inc. (NYSE:XYL)

CenterBook Partners LP grew its stake in Xylem Inc. (NYSE:XYL - Free Report) by 66.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,974 shares of the industrial products company's stock after acquiring an additional 4,786 shares during the period. CenterBook Partners LP's holdings in Xylem were worth $1,389,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in XYL. Vanguard Group Inc. grew its holdings in Xylem by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock worth $3,323,325,000 after acquiring an additional 303,854 shares during the period. Geode Capital Management LLC lifted its holdings in Xylem by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock worth $671,623,000 after buying an additional 135,492 shares during the last quarter. Impax Asset Management Group plc grew its stake in Xylem by 231.5% during the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after buying an additional 3,883,845 shares during the last quarter. Invesco Ltd. boosted its holdings in Xylem by 9.8% during the fourth quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock worth $465,229,000 after buying an additional 359,276 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after acquiring an additional 691,618 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

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Xylem Stock Up 0.9 %

Shares of XYL stock traded up $0.99 during trading hours on Wednesday, reaching $110.13. 750,274 shares of the company's stock were exchanged, compared to its average volume of 1,622,951. The stock's fifty day moving average price is $121.88 and its two-hundred day moving average price is $123.67. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a market cap of $26.80 billion, a PE ratio of 30.09, a PEG ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 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 analysts' expectations of $2.18 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.45%. This is a boost from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio (DPR) is presently 43.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on XYL shares. Citigroup decreased their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday. Stifel Nicolaus lowered their target price on Xylem from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Robert W. Baird increased their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $147.33.

About Xylem

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.