Chevy Chase Trust Holdings LLC Decreases Stake in Xylem Inc. (NYSE:XYL)

Chevy Chase Trust Holdings LLC trimmed its stake in shares of Xylem Inc. (NYSE:XYL) by 1.6% during the third quarter, HoldingsChannel reports. The fund owned 130,773 shares of the industrial products company’s stock after selling 2,123 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Xylem were worth $17,658,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of XYL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Xylem by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock worth $465,760,000 after buying an additional 32,645 shares during the period. Swedbank AB grew its position in Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares in the last quarter. Mirova US LLC increased its stake in shares of Xylem by 2.0% in the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after acquiring an additional 36,013 shares during the last quarter. Impax Asset Management Group plc increased its stake in shares of Xylem by 1.0% during the 3rd quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock worth $226,555,000 after purchasing an additional 15,825 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Xylem by 2.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock valued at $227,364,000 after purchasing an additional 36,601 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 0.5 %

Shares of XYL opened at $127.68 on Wednesday. The firm’s 50-day simple moving average is $129.22 and its 200 day simple moving average is $133.54. The firm has a market cap of $31.02 billion, a P/E ratio of 37.33, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05. Xylem Inc. has a 52 week low of $104.95 and a 52 week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. On average, analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The business 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 dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XYL. UBS Group assumed coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price on the stock. Robert W. Baird decreased 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. TD Cowen reduced their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada cut their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.