Two Sigma Investments LP Trims Stake in Xylem Inc. (NYSE:XYL)

Two Sigma Investments LP lessened its stake in Xylem Inc. (NYSE:XYL - Free Report) by 74.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,832 shares of the industrial products company's stock after selling 149,384 shares during the quarter. Two Sigma Investments LP's holdings in Xylem were worth $6,014,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Impax Asset Management Group plc raised its position in Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after buying an additional 3,883,845 shares during the last quarter. Norges Bank bought a new position in shares of Xylem during the fourth quarter valued at about $302,734,000. Northern Trust Corp boosted its holdings in Xylem by 42.0% during the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after purchasing an additional 966,399 shares during the last quarter. AMF Tjanstepension AB bought a new stake in Xylem in the 4th quarter worth about $96,658,000. Finally, Victory Capital Management Inc. increased its stake in Xylem by 42.9% in the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock valued at $269,865,000 after buying an additional 698,745 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Stock Performance

Xylem stock traded up $0.29 during mid-day trading on Friday, reaching $125.95. The company's stock had a trading volume of 2,624,076 shares, compared to its average volume of 1,404,432. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $143.50. The company has a market capitalization of $30.65 billion, a P/E ratio of 34.41, a PEG ratio of 2.33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The firm's fifty day moving average price is $118.04 and its two-hundred day moving average price is $121.55.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the business earned $0.90 EPS. Xylem's revenue was up 1.8% compared to the same quarter last year. Sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. Xylem's dividend payout ratio (DPR) is currently 43.01%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on XYL shares. Raymond James upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Royal Bank of Canada boosted their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Citigroup cut their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus boosted their target price on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Robert W. Baird cut their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Xylem currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.75.

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.