323,705 Shares in Xylem Inc. (NYSE:XYL) Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. purchased a new stake in shares of Xylem Inc. (NYSE:XYL - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 323,705 shares of the industrial products company's stock, valued at approximately $38,670,000. Achmea Investment Management B.V. owned about 0.13% of Xylem at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Perkins Coie Trust Co bought a new position in Xylem in the first quarter worth about $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Xylem during the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC bought a new position in shares of Xylem in the 4th quarter worth approximately $31,000. Center for Financial Planning Inc. lifted its stake in shares of Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 91 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in shares of Xylem in the 4th quarter valued at approximately $36,000. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank Of Canada increased 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. Stifel Nicolaus raised their target price on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Robert W. Baird dropped their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. began coverage on Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $143.71.

Xylem Trading Up 1.8%

Shares of XYL stock opened at $129.77 on Friday. The company has a market cap of $31.58 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 2.32 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 stock's 50 day simple moving average is $123.69 and its two-hundred day simple moving average is $121.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The business had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.04 billion. During the same quarter in the previous year, the business posted $0.90 earnings per share. The business's revenue was up 1.8% compared to the same quarter last year. Research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. Xylem's payout ratio is 43.01%.

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.

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