Shell Asset Management Co. Grows Holdings in Xylem Inc. (NYSE:XYL)

Shell Asset Management Co. grew its holdings in Xylem Inc. (NYSE:XYL) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,043 shares of the industrial products company’s stock after buying an additional 7,872 shares during the quarter. Shell Asset Management Co.’s holdings in Xylem were worth $8,358,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in Xylem by 7.9% during the fourth quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company’s stock worth $506,985,000 after buying an additional 320,500 shares during the period. Rafferty Asset Management LLC increased its holdings in Xylem by 11.4% during the 4th quarter. Rafferty Asset Management LLC now owns 22,693 shares of the industrial products company’s stock worth $2,633,000 after purchasing an additional 2,327 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Xylem during the fourth quarter worth about $43,203,000. Quantinno Capital Management LP raised its position in shares of Xylem by 148.9% during the 4th quarter. Quantinno Capital Management LP now owns 35,614 shares of the industrial products company’s stock valued at $4,132,000 after acquiring an additional 21,306 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new position in Xylem in the fourth quarter worth about $416,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup dropped their price target on shares of Xylem from $152.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus lifted their price target on shares of Xylem from $140.00 to $141.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Royal Bank of Canada raised their price target on shares of Xylem from $143.00 to $147.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Finally, Robert W. Baird decreased their price target on Xylem from $149.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.88.

Xylem Trading Up 1.2%

Shares of Xylem stock opened at $126.98 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. The firm has a market cap of $30.90 billion, a PE ratio of 34.69, a P/E/G ratio of 2.33 and a beta of 1.10. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $146.08. The stock has a fifty day moving average price of $117.10 and a 200-day moving average price of $121.43.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the business earned $0.90 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. Equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem’s dividend payout ratio (DPR) is presently 43.01%.

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.