Stoneridge Investment Partners LLC Purchases Shares of 32,353 Xylem Inc. (NYSE:XYL)

Stoneridge Investment Partners LLC acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,353 shares of the industrial products company’s stock, valued at approximately $3,754,000. Xylem comprises approximately 1.3% of Stoneridge Investment Partners LLC’s holdings, making the stock its 23rd largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in Xylem by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 26,798 shares of the industrial products company’s stock valued at $3,125,000 after acquiring an additional 5,286 shares during the last quarter. MML Investors Services LLC raised its stake in Xylem by 66.9% in the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company’s stock valued at $2,152,000 after purchasing an additional 6,386 shares in the last quarter. Swedbank AB lifted its stake in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after purchasing an additional 691,618 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Xylem by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after purchasing an additional 5,817 shares in the last quarter. Finally, Groupama Asset Managment increased its stake in shares of Xylem by 89.6% in the third quarter. Groupama Asset Managment now owns 16,340 shares of the industrial products company’s stock worth $2,206,000 after buying an additional 7,723 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Trading Down 0.2 %

Xylem stock opened at $131.11 on Friday. Xylem Inc. has a one year low of $113.26 and a one year high of $146.08. The stock has a market cap of $31.85 billion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.76. The stock has a 50-day moving average of $120.95 and a two-hundred day moving average of $127.46.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. On average, research analysts anticipate that Xylem Inc. will post 4.66 EPS for the current fiscal year.

Xylem Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. Xylem’s payout ratio is currently 39.34%.

Analyst Ratings Changes

Several research firms have recently commented on XYL. Wolfe Research reaffirmed a “peer perform” rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus lowered their price target on Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Robert W. Baird boosted their target price on Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, TD Cowen reduced their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Four research 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, the company has an average rating of “Moderate Buy” and an average target price of $149.90.

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.