Xylem Inc. (NYSE:XYL) Stock Holdings Trimmed by Fmr LLC

Fmr LLC lowered its holdings in shares of Xylem Inc. (NYSE:XYL) by 1.6% during the 2nd quarter, Holdings Channel reports. The fund owned 2,249,621 shares of the industrial products company’s stock after selling 36,214 shares during the period. Fmr LLC’s holdings in Xylem were worth $269,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Dupont Capital Management Corp raised its stake in shares of Xylem by 2.6% in the 2nd quarter. Dupont Capital Management Corp now owns 3,464 shares of the industrial products company’s stock worth $416,000 after buying an additional 89 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Xylem by 0.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 23,596 shares of the industrial products company’s stock worth $2,831,000 after buying an additional 92 shares in the last quarter. Almanack Investment Partners LLC. raised its stake in shares of Xylem by 3.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 2,781 shares of the industrial products company’s stock worth $334,000 after buying an additional 94 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Xylem by 3.9% in the 2nd quarter. Profund Advisors LLC now owns 2,553 shares of the industrial products company’s stock worth $308,000 after buying an additional 95 shares in the last quarter. Finally, TFG Advisers LLC raised its stake in shares of Xylem by 2.6% in the 2nd quarter. TFG Advisers LLC now owns 3,833 shares of the industrial products company’s stock worth $460,000 after buying an additional 97 shares in the last quarter. 83.77% of the stock is currently owned by hedge funds and other institutional investors.

In other Xylem news, SVP Colin R. Sabol sold 5,595 shares of the company’s stock in a transaction that occurred on Monday, July 19th. The stock was sold at an average price of $117.28, for a total value of $656,181.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick Decker sold 54,643 shares of the company’s stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $129.53, for a total value of $7,077,907.79. Following the completion of the transaction, the chief executive officer now directly owns 237,889 shares of the company’s stock, valued at approximately $30,813,762.17. The disclosure for this sale can be found here. Insiders sold 83,148 shares of company stock valued at $10,678,661 in the last ninety days. Insiders own 0.90% of the company’s stock.

A number of research firms have recently commented on XYL. Royal Bank of Canada dropped their price objective on Xylem from $140.00 to $136.00 and set an “outperform” rating on the stock in a research note on Friday, October 1st. Argus began coverage on Xylem in a report on Friday, June 18th. They issued a “buy” rating and a $140.00 target price on the stock. Rosenblatt Securities cut Xylem from a “buy” rating to a “hold” rating and decreased their target price for the stock from $140.00 to $120.00 in a report on Friday, October 1st. Credit Suisse Group decreased their target price on Xylem from $110.00 to $105.00 and set an “underperform” rating on the stock in a report on Friday, October 1st. Finally, Citigroup lifted their target price on Xylem from $117.00 to $131.00 and gave the stock a “neutral” rating in a report on Wednesday, August 4th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $114.70.

Shares of XYL stock opened at $119.94 on Thursday. Xylem Inc. has a 1-year low of $84.14 and a 1-year high of $138.78. The company has a current ratio of 1.85, a quick ratio of 1.52 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $21.61 billion, a price-to-earnings ratio of 56.58, a P/E/G ratio of 4.19 and a beta of 1.03. The stock’s fifty day simple moving average is $130.53 and its 200-day simple moving average is $121.07.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, August 3rd. The industrial products company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Xylem had a return on equity of 16.21% and a net margin of 7.40%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. Xylem’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, sell-side analysts predict that Xylem Inc. will post 2.67 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 23rd. Shareholders of record on Thursday, August 26th were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, August 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.93%. Xylem’s dividend payout ratio is currently 54.37%.

Xylem Profile

Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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