AEGON ASSET MANAGEMENT UK Plc Has $47.56 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

AEGON ASSET MANAGEMENT UK Plc lifted its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 19.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 398,136 shares of the industrial products company's stock after purchasing an additional 64,787 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.16% of Xylem worth $47,557,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Fulton Bank N.A. increased its stake in shares of Xylem by 6.5% in the first quarter. Fulton Bank N.A. now owns 2,012 shares of the industrial products company's stock worth $240,000 after purchasing an additional 123 shares during the period. Merit Financial Group LLC increased its stake in Xylem by 13.0% during the first quarter. Merit Financial Group LLC now owns 2,707 shares of the industrial products company's stock valued at $323,000 after acquiring an additional 312 shares during the period. NBC Securities Inc. bought a new position in Xylem during the first quarter valued at about $72,000. Czech National Bank increased its stake in Xylem by 5.9% during the first quarter. Czech National Bank now owns 55,800 shares of the industrial products company's stock valued at $6,666,000 after acquiring an additional 3,124 shares during the period. Finally, 180 Wealth Advisors LLC increased its stake in Xylem by 506.5% during the first quarter. 180 Wealth Advisors LLC now owns 10,541 shares of the industrial products company's stock valued at $1,259,000 after acquiring an additional 8,803 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

Shares of XYL traded up $0.02 on Friday, hitting $126.68. The company's stock had a trading volume of 1,921,767 shares, compared to its average volume of 1,400,554. The company has a 50 day moving average price of $118.62 and a 200 day moving average price of $121.71. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. 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 company has a market capitalization of $30.83 billion, a PE ratio of 34.61, a PEG ratio of 2.33 and a beta of 1.13.

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 (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 firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the business earned $0.90 EPS. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a 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

XYL has been the topic of several research reports. Citigroup lowered their price target on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. initiated coverage on Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price target on the stock. Raymond James upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Royal Bank of Canada lifted their price objective on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Stifel Nicolaus lifted their price objective on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and a consensus price target of $143.71.

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.