ExodusPoint Capital Management LP Lowers Stock Holdings in Xylem Inc. (NYSE:XYL)

ExodusPoint Capital Management LP lowered its stake in Xylem Inc. (NYSE:XYL - Free Report) by 46.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,704 shares of the industrial products company's stock after selling 39,076 shares during the quarter. ExodusPoint Capital Management LP's holdings in Xylem were worth $5,303,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB lifted its stake in Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company's stock worth $3,125,000 after purchasing an additional 5,286 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Xylem by 66.9% during the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock worth $2,152,000 after purchasing an additional 6,386 shares during the last quarter. Swedbank AB boosted its stake 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 valued at $427,325,000 after purchasing an additional 691,618 shares during the period. Groupama Asset Managment grew its holdings in shares of Xylem by 89.6% in the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company's stock worth $2,206,000 after purchasing an additional 7,723 shares during the last quarter. Finally, Benson Investment Management Company Inc. purchased a new position in Xylem in the 4th quarter worth about $5,094,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

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Xylem Stock Performance

Shares of XYL stock traded down $4.76 during mid-day trading on Thursday, reaching $105.74. The stock had a trading volume of 582,960 shares, compared to its average volume of 1,363,030. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The firm has a market cap of $25.73 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.33 and a beta of 1.08. 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 business's fifty day moving average is $123.43 and its 200-day moving average is $124.37.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data 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 net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the firm earned $0.99 EPS. The business's revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a dividend of $0.40 per share. This is a boost from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Tuesday, February 18th. Xylem's dividend payout ratio (DPR) is currently 43.72%.

Analysts Set New Price Targets

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

Xylem Company 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.