NEOS Investment Management LLC Increases Position in Xylem Inc. (NYSE:XYL)

NEOS Investment Management LLC boosted its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 28.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,334 shares of the industrial products company's stock after buying an additional 2,482 shares during the quarter. NEOS Investment Management LLC's holdings in Xylem were worth $1,315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Xylem by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock valued at $3,323,325,000 after acquiring an additional 303,854 shares during the last quarter. State Street Corp increased its stake in Xylem by 1.9% in the 3rd quarter. State Street Corp now owns 10,329,494 shares of the industrial products company's stock worth $1,394,792,000 after buying an additional 189,820 shares during the period. Geode Capital Management LLC lifted its holdings in Xylem by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company's stock valued at $762,804,000 after buying an additional 54,877 shares in the last quarter. Impax Asset Management Group plc boosted its position in Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after buying an additional 3,883,845 shares during the period. Finally, Swedbank AB grew its stake in Xylem by 23.1% in the 4th 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. Institutional investors own 87.96% of the company's stock.

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Analysts Set New Price Targets

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

Xylem Stock Down 1.2 %

Shares of NYSE XYL traded down $1.38 during trading hours on Wednesday, hitting $118.50. 1,669,717 shares of the stock were exchanged, compared to its average volume of 1,318,577. Xylem Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The firm has a fifty day moving average price of $125.65 and a 200-day moving average price of $125.69. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a market cap of $28.80 billion, a PE ratio of 32.38, a PEG ratio of 2.33 and a beta of 1.08.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 earnings per share. On average, sell-side analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.40 per share. This is a positive change from Xylem's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.35%. Xylem's payout ratio is presently 43.72%.

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.