Allstate Corp Invests $836,000 in Xylem Inc. (NYSE:XYL)

Allstate Corp bought a new position in Xylem Inc. (NYSE:XYL - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 7,209 shares of the industrial products company's stock, valued at approximately $836,000.

Several other hedge funds have also added to or reduced their stakes in XYL. Public Sector Pension Investment Board lifted its stake in shares of Xylem by 12.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 10,610 shares of the industrial products company's stock valued at $1,433,000 after acquiring an additional 1,200 shares during the last quarter. Paloma Partners Management Co purchased a new position in Xylem in the 3rd quarter worth approximately $202,000. Benjamin Edwards Inc. bought a new stake in Xylem in the third quarter valued at approximately $1,550,000. Holocene Advisors LP boosted its stake in shares of Xylem by 4.3% during the third quarter. Holocene Advisors LP now owns 270,610 shares of the industrial products company's stock valued at $36,540,000 after purchasing an additional 11,042 shares during the period. Finally, Hilltop Holdings Inc. grew its holdings in shares of Xylem by 66.2% in the third quarter. Hilltop Holdings Inc. now owns 8,305 shares of the industrial products company's stock worth $1,121,000 after purchasing an additional 3,308 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on XYL shares. Robert W. Baird upped their price target on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Citigroup cut Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Stifel Nicolaus cut their price objective on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

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Xylem Stock Down 5.9 %

Shares of NYSE:XYL traded down $6.53 during trading on Friday, hitting $104.46. The stock had a trading volume of 2,835,463 shares, compared to its average volume of 1,338,023. The company has a market capitalization of $25.39 billion, a PE ratio of 28.54, a PEG ratio of 2.33 and a beta of 1.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The firm's fifty day moving average is $125.04 and its 200 day moving average is $125.29. Xylem Inc. has a 12 month low of $104.24 and a 12 month high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.06. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company earned $0.99 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Tuesday, February 18th. This is a boost from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio is 43.72%.

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.