ExodusPoint Capital Management LP Has $5.30 Million Stake in Xylem Inc. (NYSE:XYL)

ExodusPoint Capital Management LP reduced its stake in Xylem Inc. (NYSE:XYL) by 46.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its holdings in shares of Xylem by 24.6% during the 4th quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock worth $3,125,000 after buying an additional 5,286 shares during the period. MML Investors Services LLC lifted its position in Xylem by 66.9% during the 3rd quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock worth $2,152,000 after acquiring an additional 6,386 shares during the last quarter. Swedbank AB boosted its holdings in 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 acquiring an additional 691,618 shares during the period. Groupama Asset Managment grew its position 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 valued at $2,206,000 after purchasing an additional 7,723 shares during the last quarter. Finally, Benson Investment Management Company Inc. bought a new position in shares of Xylem in the fourth quarter worth about $5,094,000. Institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

Shares of Xylem stock opened at $104.46 on Friday. The firm has a market cap of $25.39 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The firm’s 50-day simple moving average is $125.04 and its 200-day simple moving average is $125.29. Xylem Inc. has a twelve month low of $104.24 and a twelve month high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts expect that Xylem Inc. will post 4.65 EPS 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 dividend of $0.40 per share. The ex-dividend date was Tuesday, February 18th. This is a boost from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. Xylem’s dividend payout ratio (DPR) is presently 43.72%.

Analysts Set New Price Targets

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