Canada Post Corp Registered Pension Plan Makes New Investment in Xylem Inc. (NYSE:XYL)

Canada Post Corp Registered Pension Plan acquired a new position in Xylem Inc. (NYSE:XYL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,384 shares of the industrial products company's stock, valued at approximately $393,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of XYL. Impax Asset Management Group plc raised its stake in Xylem by 231.5% in the 4th quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after acquiring an additional 3,883,845 shares during the period. Norges Bank bought a new position in Xylem in the 4th quarter worth about $302,734,000. AMF Tjanstepension AB purchased a new stake in shares of Xylem in the fourth quarter worth about $96,658,000. Victory Capital Management Inc. grew its stake in Xylem by 42.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock valued at $269,865,000 after acquiring an additional 698,745 shares in the last quarter. Finally, Swedbank AB lifted its stake in Xylem by 23.1% in the 4th quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after purchasing an additional 691,618 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on XYL. Stifel Nicolaus decreased their price target on shares of Xylem from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Citigroup lowered their price target on 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 lifted their price target on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Three 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, Xylem presently has a consensus rating of "Moderate Buy" and an average target price of $147.33.

Xylem Trading Down 1.9 %

Xylem stock traded down $2.11 during mid-day trading on Monday, hitting $108.32. The company's stock had a trading volume of 290,818 shares, compared to its average volume of 1,381,339. The business has a 50 day moving average price of $120.60 and a 200-day moving average price of $123.09. Xylem Inc. has a 12 month low of $100.47 and a 12 month high of $146.08. The stock has a market cap of $26.36 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. As a group, analysts forecast that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Xylem's previous quarterly dividend of $0.36. Xylem's payout ratio is currently 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.