Royal London Asset Management Ltd. Acquires 12,462 Shares of Xylem Inc. (NYSE:XYL)

Royal London Asset Management Ltd. lifted its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,598 shares of the industrial products company's stock after buying an additional 12,462 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Xylem were worth $12,948,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of XYL. Algebris UK Ltd bought a new position in shares of Xylem in the 4th quarter worth about $1,205,000. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Xylem by 2.5% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 208,237 shares of the industrial products company's stock worth $24,160,000 after purchasing an additional 4,993 shares during the period. Generali Asset Management SPA SGR bought a new stake in Xylem in the fourth quarter worth approximately $1,170,000. RD Lewis Holdings Inc. acquired a new position in Xylem in the fourth quarter valued at approximately $651,000. Finally, Axxcess Wealth Management LLC boosted its holdings in shares of Xylem by 14.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 5,061 shares of the industrial products company's stock worth $587,000 after buying an additional 641 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

XYL has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on shares of Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Wolfe Research restated a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Finally, Citigroup downgraded Xylem from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

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Xylem Stock Up 0.1 %

Shares of XYL stock traded up $0.07 during trading hours on Wednesday, reaching $123.16. The company had a trading volume of 1,643,275 shares, compared to its average volume of 1,479,007. The company has a market cap of $29.93 billion, a price-to-earnings ratio of 33.65, 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 Inc. has a 12 month low of $113.26 and a 12 month high of $146.08. The business has a fifty day simple moving average of $125.50 and a 200-day simple moving average of $126.02.

Xylem (NYSE:XYL - Get Free Report) last issued 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. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The business had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same period last year, the business earned $0.99 EPS. The business's revenue was up 8.6% on a year-over-year basis. On average, research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. This is an increase from Xylem's previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, February 18th. Xylem's dividend payout ratio is presently 43.72%.

Xylem 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.