Nuveen LLC Makes New $99.73 Million Investment in Xylem Inc. (NYSE:XYL)

Key Points

• Nuveen LLC has acquired a significant stake in Xylem Inc., purchasing 834,803 shares valued at approximately $99.7 million, amounting to about 0.34% of the company's stock.
• Xylem reported a net margin of 10.74% for the last quarter and beat analysts' earnings estimates with an EPS of $1.26, surpassing the consensus estimate of $1.15.
• The company recently declared a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 1.1% and a payout ratio of 41.56%.

Nuveen LLC purchased a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 834,803 shares of the industrial products company's stock, valued at approximately $99,726,000. Nuveen LLC owned 0.34% of Xylem at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. increased its stake in shares of Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Perkins Coie Trust Co purchased a new position in shares of Xylem during the 1st quarter worth approximately $27,000. Center for Financial Planning Inc. increased its stake in shares of Xylem by 52.0% during the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after purchasing an additional 91 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of Xylem by 90.6% during the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company's stock worth $36,000 after purchasing an additional 145 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of Xylem during the 4th quarter worth approximately $36,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Down 1.2%

Shares of NYSE:XYL traded down $1.66 during midday trading on Thursday, hitting $141.87. 779,094 shares of the company's stock traded hands, compared to its average volume of 1,165,846. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.90. The company has a market cap of $34.53 billion, a PE ratio of 36.85, a P/E/G ratio of 2.49 and a beta of 1.11. The firm's fifty day moving average price is $132.54 and its two-hundred day moving average price is $125.70. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33.

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

Analyst Ratings Changes

XYL has been the subject of several recent analyst reports. Raymond James Financial raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. Robert W. Baird lowered their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Stifel Nicolaus lifted their target price on shares of Xylem from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $151.57.

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.