Royal London Asset Management Ltd. lifted its stake in Xylem Inc (NYSE:XYL) by 73.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,415 shares of the industrial products company’s stock after buying an additional 57,423 shares during the period. Royal London Asset Management Ltd. owned approximately 0.08% of Xylem worth $10,817,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Pendal Group Ltd bought a new stake in shares of Xylem in the third quarter valued at approximately $126,000. Flagship Harbor Advisors LLC acquired a new position in Xylem during the second quarter valued at approximately $106,000. Fort L.P. acquired a new position in Xylem during the second quarter valued at approximately $118,000. Piedmont Investment Advisors LLC acquired a new position in Xylem during the second quarter valued at approximately $139,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Xylem during the third quarter valued at approximately $171,000. Institutional investors and hedge funds own 85.14% of the company’s stock.

XYL has been the subject of several research analyst reports. Canaccord Genuity set a $78.00 price objective on shares of Xylem and gave the company a “hold” rating in a research report on Tuesday, July 24th. Oppenheimer restated a “buy” rating on shares of Xylem in a research report on Tuesday, July 31st. Stifel Nicolaus boosted their price objective on shares of Xylem from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. BMO Capital Markets boosted their price objective on shares of Xylem from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, August 1st. Finally, Robert W. Baird restated a “hold” rating and set a $80.00 price objective on shares of Xylem in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $79.00.

In related news, insider Paul A. Stellato sold 3,000 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $78.63, for a total value of $235,890.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Colin R. Sabol sold 17,161 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $81.37, for a total value of $1,396,390.57. Following the completion of the sale, the insider now owns 41,988 shares of the company’s stock, valued at $3,416,563.56. The disclosure for this sale can be found here. Insiders have sold 21,661 shares of company stock valued at $1,755,281 over the last quarter. Company insiders own 0.81% of the company’s stock.

Shares of NYSE:XYL opened at $69.45 on Tuesday. The firm has a market cap of $12.74 billion, a PE ratio of 28.94, a P/E/G ratio of 1.36 and a beta of 1.24. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.49 and a quick ratio of 1.07. Xylem Inc has a 52-week low of $63.71 and a 52-week high of $82.44.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. Xylem had a net margin of 7.75% and a return on equity of 19.54%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. On average, sell-side analysts anticipate that Xylem Inc will post 2.89 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Thursday, November 1st will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 1.21%. Xylem’s dividend payout ratio (DPR) is presently 35.00%.

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About Xylem

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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