Renaissance Technologies LLC Purchases 31,500 Shares of Xylem Inc. (NYSE:XYL)

Renaissance Technologies LLC increased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 263,471 shares of the industrial products company's stock after buying an additional 31,500 shares during the quarter. Renaissance Technologies LLC owned 0.11% of Xylem worth $30,568,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new stake in Xylem during the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC bought a new stake in shares of Xylem during the fourth quarter worth $31,000. Heck Capital Advisors LLC bought a new stake in shares of Xylem during the fourth quarter worth $36,000. Pathway Financial Advisers LLC raised its holdings in shares of Xylem by 122.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after acquiring an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. lifted its position in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 130 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Down 0.5 %

XYL stock traded down $0.59 during mid-day trading on Tuesday, reaching $109.11. The company had a trading volume of 1,559,034 shares, compared to its average volume of 1,379,886. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The company has a market capitalization of $26.55 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.33 and a beta of 1.08. The stock has a 50 day simple moving average of $122.33 and a two-hundred day simple moving average of $123.77.

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Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. As a group, equities analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a $0.40 dividend. This is an increase from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, February 18th. Xylem's payout ratio is currently 43.72%.

Analyst Upgrades and Downgrades

XYL has been the subject of a number of research reports. Robert W. Baird increased their target price on Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Citigroup decreased their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday. Finally, Stifel Nicolaus reduced their price target on Xylem from $166.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and a consensus price target of $148.44.

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.