The Manufacturers Life Insurance Company Increases Stock Position in Xylem Inc. (NYSE:XYL)

The Manufacturers Life Insurance Company lifted its holdings in Xylem Inc. (NYSE:XYL) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,978 shares of the industrial products company’s stock after buying an additional 844 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Xylem worth $20,885,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of XYL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Xylem by 1,503.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after purchasing an additional 1,547,043 shares in the last quarter. Duality Advisers LP bought a new position in Xylem during the 1st quarter valued at approximately $6,746,000. Vanguard Group Inc. raised its stake in Xylem by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after buying an additional 187,847 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Xylem by 12.9% in the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock worth $43,737,000 after acquiring an additional 38,603 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Xylem by 1.4% in the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock worth $50,902,000 after acquiring an additional 5,477 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Trading Down 0.5 %

Xylem stock opened at $134.39 on Wednesday. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The company has a market cap of $32.58 billion, a P/E ratio of 47.83, a P/E/G ratio of 2.37 and a beta of 1.04. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $133.00 and a two-hundred day simple moving average of $134.58.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The firm’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 earnings per share. Analysts predict that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio is presently 51.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. TD Cowen reiterated a “hold” rating and set a $138.00 price target on shares of Xylem in a report on Tuesday, September 3rd. UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Robert W. Baird increased their target price on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada boosted their price target on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.54.

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.