CANADA LIFE ASSURANCE Co Boosts Holdings in Xylem Inc. (NYSE:XYL)

CANADA LIFE ASSURANCE Co grew its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 14.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 394,953 shares of the industrial products company's stock after buying an additional 49,460 shares during the period. CANADA LIFE ASSURANCE Co owned 0.16% of Xylem worth $45,803,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XYL. Lee Danner & Bass Inc. purchased a new stake in Xylem during the fourth quarter valued at about $30,000. Rialto Wealth Management LLC purchased a new stake in shares of Xylem during the 4th quarter valued at approximately $31,000. Heck Capital Advisors LLC bought a new position in Xylem in the 4th quarter worth approximately $36,000. Pathway Financial Advisers LLC grew its stake 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 buying an additional 175 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in Xylem by 69.5% during 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 during the period. Institutional investors own 87.96% of the company's stock.

Xylem Trading Up 2.0 %

Shares of XYL traded up $2.27 during trading hours on Thursday, hitting $115.62. The company had a trading volume of 491,056 shares, compared to its average volume of 1,653,856. The firm has a market cap of $28.14 billion, a P/E ratio of 31.59, a P/E/G ratio of 2.33 and a beta of 1.08. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $146.08. The stock's 50 day moving average price is $119.46 and its 200 day moving average price is $122.78. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 earnings per share. On average, research analysts predict that Xylem Inc. will post 4.65 EPS for the current 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. The ex-dividend date was Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.38%. This is a boost from Xylem's previous quarterly dividend of $0.36. Xylem's dividend payout ratio (DPR) is 43.72%.

Analyst Ratings Changes

Several research analysts have commented on XYL shares. Stifel Nicolaus cut their target price on Xylem from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Citigroup decreased 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, Robert W. Baird raised 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. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Xylem has a consensus rating of "Moderate Buy" and a consensus price target of $147.33.

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.