ASR Vermogensbeheer N.V. Makes New Investment in Xylem Inc. (NYSE:XYL)

Key Points

• ASR Vermogensbeheer N.V. acquired 262,961 shares of Xylem Inc. for approximately $31.4 million in the first quarter, representing about 0.11% of the company.
• Xylem reported a quarterly EPS of $1.26, surpassing estimates, with year-over-year revenue growth of 6.1% to $2.30 billion.
• The company announced a quarterly dividend of $0.40, with a 1.1% dividend yield and a payout ratio of 41.56%.

ASR Vermogensbeheer N.V. purchased a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 262,961 shares of the industrial products company's stock, valued at approximately $31,413,000. ASR Vermogensbeheer N.V. owned approximately 0.11% of Xylem as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Dynamic Advisor Solutions LLC bought a new position in shares of Xylem in the first quarter valued at approximately $694,000. Farther Finance Advisors LLC raised its holdings in Xylem by 30.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after acquiring an additional 419 shares during the period. NBC Securities Inc. acquired a new position in Xylem during the 1st quarter worth $72,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Xylem by 19.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,215 shares of the industrial products company's stock valued at $3,251,000 after acquiring an additional 4,429 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Xylem by 29.1% in the first quarter. GAMMA Investing LLC now owns 4,241 shares of the industrial products company's stock valued at $507,000 after purchasing an additional 956 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on XYL. JPMorgan Chase & Co. initiated coverage on Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price objective for the company. UBS Group reissued a "buy" rating and issued a $168.00 price objective (up from $164.00) on shares of Xylem in a research report on Tuesday. Citigroup restated a "buy" rating and issued a $152.00 price objective (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. Stifel Nicolaus upped their target price on shares of Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $151.57.

Xylem Stock Performance

Shares of NYSE XYL traded down $0.20 during trading hours on Thursday, reaching $143.42. The stock had a trading volume of 938,246 shares, compared to its average volume of 1,150,179. The company has a market cap of $34.91 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 2.49 and a beta of 1.11. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33. The business's fifty day moving average is $130.90 and its two-hundred day moving average is $124.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.11. Xylem had a net margin of 10.74% and a return on equity of 10.33%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts expect that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem's payout ratio is presently 41.56%.

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.