Wesleyan Assurance Society Increases Stake in Xylem Inc. (NYSE:XYL)

Wesleyan Assurance Society increased its position in Xylem Inc. (NYSE:XYL - Free Report) by 1,194.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,440 shares of the industrial products company's stock after purchasing an additional 37,315 shares during the quarter. Wesleyan Assurance Society's holdings in Xylem were worth $4,831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Xylem by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 28,644,417 shares of the industrial products company's stock worth $3,323,325,000 after purchasing an additional 303,854 shares during the period. Geode Capital Management LLC increased its stake in shares of Xylem by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,804,247 shares of the industrial products company's stock worth $671,623,000 after purchasing an additional 135,492 shares during the period. Royal Bank of Canada grew its holdings in Xylem by 7.9% in the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock valued at $506,985,000 after buying an additional 320,500 shares in the last quarter. Invesco Ltd. increased its position in Xylem by 9.8% during the 4th quarter. Invesco Ltd. now owns 4,009,907 shares of the industrial products company's stock worth $465,229,000 after buying an additional 359,276 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Xylem by 8.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,750,377 shares of the industrial products company's stock valued at $435,119,000 after acquiring an additional 301,070 shares during the period. 87.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

XYL has been the topic of several analyst reports. Raymond James Financial raised Xylem to a "hold" rating in a report on Thursday, May 15th. Citigroup restated a "buy" rating and issued a $152.00 price target (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Robert W. Baird lowered their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Stifel Nicolaus upped their price target on shares of Xylem from $141.00 to $162.00 and gave the company a "buy" rating in a research report on Monday. Finally, 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $149.29.

Xylem Stock Down 0.6%

Shares of XYL traded down $0.76 on Tuesday, hitting $131.18. 955,483 shares of the stock traded hands, compared to its average volume of 1,414,682. The business has a 50 day simple moving average of $127.92 and a 200 day simple moving average of $123.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. Xylem Inc. has a one year low of $100.47 and a one year high of $143.50. The company has a market capitalization of $31.92 billion, a PE ratio of 35.26, a P/E/G ratio of 2.40 and a beta of 1.12.

Xylem (NYSE:XYL - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The firm's revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.90 EPS. As a group, equities analysts forecast 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 was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was 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.