Xylem Inc. (NYSE:XYL) Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lowered its stake in Xylem Inc. (NYSE:XYL) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 333,349 shares of the industrial products company’s stock after selling 20,350 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.14% of Xylem worth $38,682,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its holdings in shares of Xylem by 399.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 51,282 shares of the industrial products company’s stock worth $6,955,000 after acquiring an additional 41,010 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Xylem by 77.3% during the second quarter. Public Sector Pension Investment Board now owns 9,410 shares of the industrial products company’s stock worth $1,276,000 after purchasing an additional 4,103 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Xylem by 433.0% during the second quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company’s stock worth $31,070,000 after buying an additional 186,105 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Xylem by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 46,302 shares of the industrial products company’s stock valued at $6,280,000 after buying an additional 17,519 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Xylem by 349.5% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,135 shares of the industrial products company’s stock valued at $290,000 after buying an additional 1,660 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Price Performance

Shares of NYSE XYL opened at $121.53 on Friday. The stock’s 50-day simple moving average is $120.88 and its 200-day simple moving average is $128.41. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The firm has a market capitalization of $29.53 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. Xylem Inc. has a fifty-two week low of $111.72 and a fifty-two week high of $146.08.

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

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th were paid a $0.36 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.18%. Xylem’s dividend payout ratio is presently 42.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XYL. Citigroup lowered their target price on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a report on Monday, January 13th. Royal Bank of Canada lowered their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus cut their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday. TD Cowen dropped their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $150.50.

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.