Wesleyan Assurance Society Takes Position in Xylem Inc. (NYSE:XYL)

Wesleyan Assurance Society acquired a new stake in Xylem Inc. (NYSE:XYL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,125 shares of the industrial products company's stock, valued at approximately $363,000.

Several other institutional investors and hedge funds have also made changes to their positions in XYL. Vanguard Group Inc. lifted 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 buying an additional 303,854 shares during the period. Geode Capital Management LLC lifted its position in 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 buying an additional 135,492 shares during the period. Impax Asset Management Group plc lifted its position in Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock worth $644,039,000 after buying an additional 3,883,845 shares during the period. Royal Bank of Canada lifted its position in Xylem by 7.9% during the fourth quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock worth $506,985,000 after buying an additional 320,500 shares during the period. Finally, Invesco Ltd. lifted its position in Xylem by 9.8% during the fourth 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. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Robert W. Baird dropped their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Raymond James upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Stifel Nicolaus upped their price target on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Royal Bank of Canada upped their price target on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Citigroup lowered their target price on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Xylem presently has an average rating of "Moderate Buy" and a consensus price target of $146.88.

Xylem Trading Down 0.0%

Shares of XYL opened at $127.97 on Tuesday. The company has a market capitalization of $31.14 billion, a P/E ratio of 34.96, a P/E/G ratio of 2.33 and a beta of 1.10. Xylem Inc. has a one year low of $100.47 and a one year high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a 50-day moving average price of $117.28 and a 200 day moving average price of $121.41.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The firm 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%. Xylem's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 earnings per share. Sell-side analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors 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 1.25%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio is currently 43.01%.

About Xylem

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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