CANADA LIFE ASSURANCE Co Reduces Stock Holdings in Xylem Inc. (NYSE:XYL)

CANADA LIFE ASSURANCE Co lowered its position in Xylem Inc. (NYSE:XYL) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,580 shares of the industrial products company’s stock after selling 13,155 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.12% of Xylem worth $36,163,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in XYL. FinTrust Capital Advisors LLC boosted its stake in Xylem by 170.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after buying an additional 200 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in Xylem by 184.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock worth $43,000 after buying an additional 220 shares during the last quarter. Spire Wealth Management boosted its stake in Xylem by 370.9% in the 4th quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock worth $54,000 after buying an additional 382 shares during the last quarter. Advantage Trust Co acquired a new stake in Xylem in the 4th quarter worth about $57,000. Finally, Gradient Investments LLC boosted its stake in Xylem by 28.6% in the 4th quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock worth $66,000 after buying an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XYL. Oppenheimer lifted their price objective on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Mizuho raised their target price on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. TD Cowen lifted their price objective on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Argus lifted their target price on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Citigroup increased their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Xylem has an average rating of “Moderate Buy” and a consensus price target of $144.58.

Xylem Stock Up 1.6 %

Shares of Xylem stock traded up $2.17 during trading on Thursday, reaching $138.88. The stock had a trading volume of 550,352 shares, compared to its average volume of 1,191,971. The company has a market capitalization of $33.67 billion, a price-to-earnings ratio of 48.64, a P/E/G ratio of 2.50 and a beta of 1.04. The stock has a fifty day moving average price of $138.71 and a two-hundred day moving average price of $130.03. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. Xylem’s revenue was up 40.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 earnings per share. Sell-side analysts predict that Xylem Inc. will post 4.22 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, May 30th. This represents a $1.44 annualized dividend and a yield of 1.04%. Xylem’s dividend payout ratio is 51.25%.

Insider Transactions at Xylem

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the sale, the senior vice president now owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the sale, the senior vice president now owns 76,287 shares in the company, valued at $10,604,655.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the transaction, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

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.