Xylem Inc. (NYSE:XYL) Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC cut its stake in Xylem Inc. (NYSE:XYL) by 11.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,030 shares of the industrial products company’s stock after selling 10,773 shares during the quarter. NFJ Investment Group LLC’s holdings in Xylem were worth $10,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XYL. Swedbank AB increased its stake in shares of Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after acquiring an additional 554,609 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of Xylem during the 3rd quarter worth $68,593,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Xylem during the 3rd quarter worth $52,169,000. Champlain Investment Partners LLC grew its holdings in shares of Xylem by 17.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company’s stock worth $223,851,000 after purchasing an additional 249,975 shares during the period. Finally, LPL Financial LLC grew its holdings 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 worth $44,012,000 after purchasing an additional 230,878 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Down 0.2 %

Shares of NYSE XYL traded down $0.27 during midday trading on Tuesday, hitting $126.74. 178,194 shares of the company’s stock were exchanged, compared to its average volume of 1,228,501. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. Xylem Inc. has a twelve month low of $104.95 and a twelve month high of $146.08. The company has a market cap of $30.79 billion, a PE ratio of 37.14, a P/E/G ratio of 2.33 and a beta of 1.05. The firm’s fifty day simple moving average is $129.37 and its 200-day simple moving average is $133.65.

Xylem (NYSE:XYL) last issued 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 business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. Research analysts predict that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, November 26th. Xylem’s dividend payout ratio is currently 42.11%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on XYL shares. Robert W. Baird lowered their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. UBS Group started coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Royal Bank of Canada lowered their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.64.

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.