Royal London Asset Management Ltd. Increases Position in Xylem Inc. (NYSE:XYL)

Royal London Asset Management Ltd. raised its holdings in Xylem Inc. (NYSE:XYLFree Report) by 2.7% in the fourth quarter, Holdings Channel reports. The fund owned 93,604 shares of the industrial products company’s stock after buying an additional 2,501 shares during the period. Royal London Asset Management Ltd.’s holdings in Xylem were worth $10,705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in XYL. AtonRa Partners boosted its position in shares of Xylem by 2.3% during the 4th quarter. AtonRa Partners now owns 4,001 shares of the industrial products company’s stock valued at $458,000 after acquiring an additional 91 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Xylem by 1.1% in the 4th quarter. Brown Advisory Inc. now owns 8,203 shares of the industrial products company’s stock valued at $938,000 after buying an additional 92 shares during the period. FFT Wealth Management LLC increased its holdings in shares of Xylem by 4.1% during the 4th quarter. FFT Wealth Management LLC now owns 2,368 shares of the industrial products company’s stock worth $271,000 after buying an additional 93 shares during the last quarter. Patten Group Inc. increased its holdings in shares of Xylem by 0.3% during the 4th quarter. Patten Group Inc. now owns 31,112 shares of the industrial products company’s stock worth $3,558,000 after buying an additional 99 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Xylem by 4.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,238 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 99 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Down 1.9 %

Shares of Xylem stock traded down $2.65 during trading hours on Friday, reaching $138.02. 883,114 shares of the company were exchanged, compared to its average volume of 1,364,751. The firm has a market cap of $33.46 billion, a PE ratio of 49.12, a PEG ratio of 2.44 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $146.08. The stock’s fifty day moving average is $136.66 and its 200 day moving average is $124.77.

Xylem (NYSE:XYLGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. Xylem’s revenue was up 40.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 EPS. As a group, equities research analysts forecast that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. Xylem’s payout ratio is currently 51.25%.

Insider Activity at Xylem

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of Xylem stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the sale, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the transaction, the chief accounting officer now directly owns 3,536 shares in the company, valued at approximately $490,195.68. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on XYL shares. Mizuho raised their target price on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. TD Cowen raised their price objective on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. BNP Paribas assumed coverage on shares of Xylem in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 target price on the stock. Argus lifted their price target on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Citigroup upped their price objective on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.92.

Read Our Latest Analysis on XYL

About Xylem

(Free Report)

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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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