Xylem Inc. (NYSE:XYL) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 95.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 223,074 shares of the industrial products company's stock after buying an additional 108,672 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.09% of Xylem worth $25,881,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Bangor Savings Bank raised its stake in Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock valued at $32,000 after buying an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Xylem in the 2nd quarter valued at about $33,000. Assetmark Inc. raised its position in shares of Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after acquiring an additional 311 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock worth $46,000 after purchasing an additional 235 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Xylem by 318.2% in the fourth quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 280 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a report on Friday, November 1st. TD Cowen dropped their price objective on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Citigroup reduced their target price on Xylem from $148.00 to $147.00 and set a "buy" rating for the company in a report on Monday. Wolfe Research reissued a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Finally, Stifel Nicolaus cut their price target on Xylem from $172.00 to $166.00 and set a "buy" rating on the stock in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $152.10.

Xylem Stock Performance

Shares of NYSE:XYL traded up $0.89 during midday trading on Friday, hitting $119.84. The stock had a trading volume of 1,396,460 shares, compared to its average volume of 1,303,005. Xylem Inc. has a 1 year low of $109.70 and a 1 year high of $146.08. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average price of $121.17 and a two-hundred day moving average price of $128.90. The company has a market capitalization of $29.11 billion, a PE ratio of 35.04, a P/E/G ratio of 1.89 and a beta of 1.06.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting analysts' consensus estimates of $1.11. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. As a group, equities analysts predict that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem's payout ratio is 42.11%.

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.