AEGON ASSET MANAGEMENT UK Plc Lowers Stock Position in Xylem Inc. (NYSE:XYL)

AEGON ASSET MANAGEMENT UK Plc decreased its holdings in Xylem Inc. (NYSE:XYL) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing 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’s holdings in Xylem were worth $38,682,000 at the end of the most recent quarter.

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

Xylem Price Performance

XYL stock opened at $121.53 on Friday. The firm has a 50 day moving average of $120.88 and a 200-day moving average of $128.41. The company has a market cap of $29.53 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 2.05 and a beta of 1.06. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $111.72 and a 12-month high of $146.08.

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

Xylem Dividend Announcement

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

Analyst Upgrades and Downgrades

XYL has been the subject of several analyst reports. Wolfe Research restated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Royal Bank of Canada reduced their target price 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. Robert W. Baird lowered their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus cut their price target on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday. Finally, TD Cowen lowered 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. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.