USS Investment Management Ltd Acquires 9,017 Shares of Xylem Inc. (NYSE:XYL)

USS Investment Management Ltd boosted its stake in Xylem Inc. (NYSE:XYL - Free Report) by 51.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,694 shares of the industrial products company's stock after buying an additional 9,017 shares during the quarter. USS Investment Management Ltd's holdings in Xylem were worth $3,098,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new position in Xylem in the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC bought a new stake in shares of Xylem in the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Xylem in the fourth quarter worth approximately $36,000. Pathway Financial Advisers LLC increased its holdings in Xylem by 122.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after purchasing an additional 175 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 130 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on XYL. Raymond James raised Xylem to a "hold" rating in a research report on Thursday, May 15th. Robert W. Baird cut their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Citigroup lowered their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. 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 report on Wednesday, April 30th. Finally, 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. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $146.88.

Xylem Trading Down 0.4%

XYL stock traded down $0.48 during trading on Thursday, hitting $124.77. The company had a trading volume of 155,250 shares, compared to its average volume of 1,407,735. The firm has a 50-day moving average price of $117.90 and a 200-day moving average price of $121.55. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $143.50. The stock has a market cap of $30.36 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 2.33 and a beta of 1.10.

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

Xylem Dividend Announcement

The firm 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio (DPR) is currently 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.