Union Bancaire Privee UBP SA Has $3.60 Million Stock Position in Xylem Inc. (NYSE:XYL)

Union Bancaire Privee UBP SA lifted its position in Xylem Inc. (NYSE:XYL) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,527 shares of the industrial products company’s stock after acquiring an additional 407 shares during the period. Union Bancaire Privee UBP SA’s holdings in Xylem were worth $3,603,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Tallon Kerry Patrick purchased a new stake in shares of Xylem in the fourth quarter valued at $260,000. Empowered Funds LLC lifted its stake in Xylem by 14.0% in the 4th quarter. Empowered Funds LLC now owns 5,558 shares of the industrial products company’s stock worth $645,000 after acquiring an additional 683 shares in the last quarter. Community Financial Services Group LLC lifted its stake in Xylem by 0.8% in the 4th quarter. Community Financial Services Group LLC now owns 25,300 shares of the industrial products company’s stock worth $2,935,000 after acquiring an additional 204 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Xylem by 3.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,777 shares of the industrial products company’s stock worth $1,481,000 after acquiring an additional 444 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Xylem during the 4th quarter valued at about $534,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Down 1.2%

XYL stock opened at $127.00 on Thursday. The firm has a market cap of $30.91 billion, a PE ratio of 34.70, a PEG ratio of 2.33 and a beta of 1.13. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $143.50. The company has a fifty day simple moving average of $119.60 and a 200 day simple moving average of $121.76. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (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 company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the company posted $0.90 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. Sell-side analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Dividend Announcement

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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, May 29th. Xylem’s dividend payout ratio is 43.01%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on XYL shares. Stifel Nicolaus increased their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Citigroup cut their target price on shares of Xylem from $152.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research note on Friday, May 30th. They set an “overweight” rating and a $148.00 target price for the company. Royal Bank of Canada upped their price target on shares of Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, Raymond James raised Xylem to a “hold” rating in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.71.

Xylem Company 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.