Assenagon Asset Management S.A. Acquires 126,245 Shares of Xylem Inc. (NYSE:XYL)

Assenagon Asset Management S.A. raised its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 56.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349,319 shares of the industrial products company's stock after purchasing an additional 126,245 shares during the quarter. Assenagon Asset Management S.A. owned 0.14% of Xylem worth $41,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tallon Kerry Patrick acquired a new stake in shares of Xylem during the fourth quarter worth $260,000. Empowered Funds LLC increased its position in Xylem by 14.0% during the fourth quarter. Empowered Funds LLC now owns 5,558 shares of the industrial products company's stock worth $645,000 after purchasing an additional 683 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Xylem by 3.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,777 shares of the industrial products company's stock worth $1,481,000 after purchasing an additional 444 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Xylem in the 4th quarter valued at $534,000. Finally, Pathway Financial Advisers LLC raised its position in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock worth $37,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

XYL has been the subject of several research reports. Royal Bank of Canada boosted their price objective 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 boosted 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. Robert W. Baird decreased their price target on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Citigroup cut their price target on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Raymond James upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $143.71.

Xylem Stock Up 1.4%

NYSE XYL traded up $1.70 during trading on Monday, reaching $127.20. 485,643 shares of the company's stock were exchanged, compared to its average volume of 1,399,465. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $30.95 billion, a PE ratio of 34.75, a P/E/G ratio of 2.33 and a beta of 1.13. The company's fifty day simple moving average is $120.52 and its 200-day simple moving average is $121.70. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. Sell-side analysts predict that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio (DPR) is currently 43.01%.

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.