Ethic Inc. Sells 3,466 Shares of Xylem Inc. (NYSE:XYL)

Ethic Inc. lowered its position in Xylem Inc. (NYSE:XYL) by 7.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,933 shares of the industrial products company’s stock after selling 3,466 shares during the period. Ethic Inc.’s holdings in Xylem were worth $5,027,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Xylem by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,858,899 shares of the industrial products company’s stock worth $222,049,000 after acquiring an additional 30,595 shares during the period. Horizon Investments LLC grew its holdings in shares of Xylem by 4.9% in the first quarter. Horizon Investments LLC now owns 3,486 shares of the industrial products company’s stock worth $416,000 after acquiring an additional 164 shares during the period. Providence Capital Advisors LLC grew its holdings in shares of Xylem by 1.9% in the first quarter. Providence Capital Advisors LLC now owns 48,155 shares of the industrial products company’s stock worth $5,753,000 after acquiring an additional 914 shares during the period. Sit Investment Associates Inc. grew its holdings in shares of Xylem by 24.9% in the first quarter. Sit Investment Associates Inc. now owns 82,275 shares of the industrial products company’s stock worth $9,829,000 after acquiring an additional 16,395 shares during the period. Finally, Neuberger Berman Group LLC grew its holdings in shares of Xylem by 8.1% in the first quarter. Neuberger Berman Group LLC now owns 149,281 shares of the industrial products company’s stock worth $17,833,000 after acquiring an additional 11,216 shares during the period. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

NYSE XYL opened at $140.77 on Friday. The firm has a market cap of $34.26 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 2.44 and a beta of 1.11. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $132.82 and a 200-day moving average price of $125.87. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $145.33.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 earnings per share. As a group, equities research analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Xylem’s dividend payout ratio is 41.56%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen raised Xylem from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Stifel Nicolaus boosted their price target on Xylem from $162.00 to $175.00 and gave the company a “buy” rating in a report on Friday, August 1st. Citigroup reissued a “buy” rating and set a $152.00 price target (up previously from $137.00) on shares of Xylem in a report on Monday, July 14th. JPMorgan Chase & Co. assumed coverage on Xylem in a report on Friday, May 30th. They set an “overweight” rating and a $148.00 price target for the company. Finally, UBS Group boosted their price target on Xylem from $164.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $151.57.

Xylem 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.