Xylem Inc. (NYSE:XYL) Shares Purchased by CenterBook Partners LP

CenterBook Partners LP raised its position in Xylem Inc. (NYSE:XYL - Free Report) by 20.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,433 shares of the industrial products company's stock after acquiring an additional 2,459 shares during the quarter. CenterBook Partners LP's holdings in Xylem were worth $1,724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XYL. Valley National Advisers Inc. lifted its holdings in Xylem by 84.9% in the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 101 shares during the period. Perkins Coie Trust Co purchased a new stake in shares of Xylem during the 1st quarter worth about $27,000. Lee Danner & Bass Inc. purchased a new position in Xylem in the 4th quarter worth approximately $30,000. Center for Financial Planning Inc. raised its position in shares of Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 91 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Xylem during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stifel Nicolaus raised their price target on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Raymond James Financial raised Xylem to a "hold" rating in a research note on Thursday, May 15th. Citigroup reaffirmed a "buy" rating and issued a $152.00 price target (up from $137.00) on shares of Xylem in a research report on Monday. Royal Bank Of Canada lifted their price objective on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. assumed coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 price objective on the stock. 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 company has an average rating of "Moderate Buy" and a consensus target price of $146.29.

Xylem Stock Performance

NYSE XYL traded up $0.69 on Wednesday, hitting $130.36. 1,031,836 shares of the stock traded hands, compared to its average volume of 1,416,574. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $143.50. The business's fifty day moving average is $127.54 and its two-hundred day moving average is $122.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. The firm has a market capitalization of $31.72 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 2.36 and a beta of 1.12.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The company's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. As a group, equities analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

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 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem's dividend payout ratio (DPR) is presently 43.01%.

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.