Shell Asset Management Co. Raises Stock Holdings in Xylem Inc. (NYSE:XYL)

Shell Asset Management Co. increased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,043 shares of the industrial products company's stock after purchasing an additional 7,872 shares during the quarter. Shell Asset Management Co.'s holdings in Xylem were worth $8,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new position in Xylem in the 4th quarter valued at about $30,000. Rialto Wealth Management LLC acquired a new position in Xylem in the 4th quarter valued at about $31,000. Heck Capital Advisors LLC acquired a new position in Xylem in the 4th quarter valued at about $36,000. SRS Capital Advisors Inc. grew its position in Xylem by 69.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 130 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its position in Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 175 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Down 0.0%

XYL stock traded down $0.06 during trading on Monday, hitting $127.97. 786,660 shares of the company's stock were exchanged, compared to its average volume of 1,415,457. The business has a 50-day moving average price of $117.28 and a two-hundred day moving average price of $121.41. The stock has a market capitalization of $31.14 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 2.33 and a beta of 1.10. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $146.08. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 earnings per share. As a group, equities research analysts expect 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. Investors of record on Thursday, May 29th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's payout ratio is 43.01%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Raymond James raised Xylem to a "hold" rating in a research report on Thursday. Robert W. Baird dropped their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada boosted their price objective on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Citigroup reduced their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus lifted their price target on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $146.88.

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.