Adage Capital Partners GP L.L.C. Has $36.02 Million Holdings in Xylem Inc. (NYSE:XYL)

Adage Capital Partners GP L.L.C. lessened its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 32.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 310,444 shares of the industrial products company's stock after selling 146,597 shares during the period. Adage Capital Partners GP L.L.C. owned 0.13% of Xylem worth $36,018,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Impax Asset Management Group plc increased its holdings in shares of Xylem by 231.5% during 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 acquiring an additional 3,883,845 shares during the last quarter. Norges Bank bought a new stake in shares of Xylem during the 4th quarter worth $302,734,000. AMF Tjanstepension AB acquired a new position in Xylem in the 4th quarter valued at $96,658,000. Victory Capital Management Inc. boosted its holdings in Xylem by 42.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock valued at $269,865,000 after acquiring an additional 698,745 shares during the period. Finally, Swedbank AB boosted its position in shares of Xylem by 23.1% in the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock valued at $427,325,000 after acquiring an additional 691,618 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XYL has been the subject of several research analyst reports. Robert W. Baird cut 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. Stifel Nicolaus cut their price target on Xylem from $150.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Citigroup lowered their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $147.11.

Xylem Trading Up 0.4 %

Shares of XYL stock traded up $0.50 during trading hours on Wednesday, reaching $119.12. The company had a trading volume of 593,075 shares, compared to its average volume of 1,411,995. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The firm has a market cap of $28.99 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a 50 day moving average of $118.39 and a 200 day moving average of $122.18.

Xylem (NYSE:XYL - Get Free Report) last issued 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. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the business posted $0.90 EPS. The firm's revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were given a $0.40 dividend. This is a boost from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.34%. The ex-dividend date was Tuesday, February 18th. Xylem's payout ratio is currently 43.72%.

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.