National Pension Service Cuts Holdings in Xylem Inc. (NYSE:XYL)

National Pension Service cut its holdings in Xylem Inc. (NYSE:XYL) by 2.3% during the third quarter, Holdings Channel reports. The institutional investor owned 309,587 shares of the industrial products company’s stock after selling 7,347 shares during the quarter. National Pension Service’s holdings in Xylem were worth $41,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XYL. Swedbank AB purchased a new stake in shares of Xylem during the 1st quarter worth $311,684,000. Sei Investments Co. boosted its holdings in Xylem by 56.4% during the first quarter. Sei Investments Co. now owns 1,013,314 shares of the industrial products company’s stock worth $130,961,000 after buying an additional 365,420 shares in the last quarter. LPL Financial LLC lifted its position in shares of Xylem by 246.6% during the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock valued at $44,012,000 after acquiring an additional 230,878 shares during the period. TCW Group Inc. boosted its stake in shares of Xylem by 189.2% during the 2nd quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock worth $42,778,000 after acquiring an additional 206,350 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Xylem by 433.0% in the 2nd quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company’s stock worth $31,070,000 after acquiring an additional 186,105 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the topic of several research reports. TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday. Robert W. Baird lowered their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada cut their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus increased their price target on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.17.

Xylem Trading Up 1.2 %

Shares of Xylem stock opened at $123.73 on Thursday. Xylem Inc. has a fifty-two week low of $95.35 and a fifty-two week high of $146.08. The business’s fifty day moving average is $132.21 and its two-hundred day moving average is $135.16. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm has a market cap of $30.06 billion, a PE ratio of 36.14, a P/E/G ratio of 2.23 and a beta of 1.05.

Xylem (NYSE:XYL) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. Analysts anticipate that Xylem Inc. will post 4.23 earnings per share 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 paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio is currently 42.11%.

About Xylem

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.