Natixis Advisors LLC Grows Position in Xylem Inc. (NYSE:XYL)

Key Points

• Natixis Advisors LLC significantly increased its ownership in Xylem Inc. by 278.1% during the first quarter, owning 332,298 shares valued at approximately $39.7 million.
• Xylem's earnings report for the quarter showed an EPS of $1.26, surpassing analysts' expectations, with revenues increasing by 6.1% year-over-year to $2.30 billion.
• The company announced a quarterly dividend of $0.40 per share, representing an annualized dividend yield of 1.1% and a payout ratio of 43.01%.

Natixis Advisors LLC grew its position in Xylem Inc. (NYSE:XYL - Free Report) by 278.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,298 shares of the industrial products company's stock after purchasing an additional 244,410 shares during the period. Natixis Advisors LLC owned approximately 0.14% of Xylem worth $39,696,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of XYL. Northern Trust Corp increased its position in shares of Xylem by 42.0% in the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after acquiring an additional 966,399 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Xylem by 390.5% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock worth $122,009,000 after purchasing an additional 813,100 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Xylem in the 1st quarter valued at $89,828,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Xylem in the fourth quarter valued at about $83,139,000. Finally, GAMMA Investing LLC lifted its stake in shares of Xylem by 15,322.5% during the first quarter. GAMMA Investing LLC now owns 506,630 shares of the industrial products company's stock worth $60,522,000 after purchasing an additional 503,345 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Trading Up 10.6%

XYL opened at $144.44 on Friday. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $144.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41. The stock has a market capitalization of $35.15 billion, a PE ratio of 38.83, a P/E/G ratio of 2.37 and a beta of 1.12. The firm's fifty day moving average price is $129.08 and its 200 day moving average price is $124.10.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business posted $1.09 EPS. The company'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 fiscal year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem's dividend payout ratio (DPR) is presently 43.01%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. started coverage on Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 target price on the stock. Robert W. Baird dropped their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Raymond James Financial raised shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Citigroup reaffirmed a "buy" rating and set a $152.00 price target (up from $137.00) on shares of Xylem in a report on Monday, July 14th. Finally, Stifel Nicolaus boosted their price objective on shares of Xylem from $141.00 to $162.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Three investment 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $149.29.

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.

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