Xylem Inc. (NYSE:XYL) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lessened its stake in shares of Xylem Inc. (NYSE:XYL) by 1.4% during the third quarter, Holdings Channel.com reports. The fund owned 9,927 shares of the industrial products company’s stock after selling 146 shares during the period. Rice Hall James & Associates LLC’s holdings in Xylem were worth $1,340,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Duality Advisers LP bought a new stake in Xylem during the first quarter worth approximately $6,746,000. Russell Investments Group Ltd. boosted its holdings in Xylem by 12.9% during the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock worth $43,737,000 after buying an additional 38,603 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Xylem by 1.4% during the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock worth $50,902,000 after buying an additional 5,477 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Xylem during the first quarter worth approximately $1,487,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Xylem by 25.8% during the first quarter. Daiwa Securities Group Inc. now owns 69,701 shares of the industrial products company’s stock worth $9,008,000 after buying an additional 14,276 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XYL has been the subject of a number of research reports. Robert W. Baird reduced their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada decreased their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday. UBS Group began coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. TD Cowen reaffirmed a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research note on Tuesday, September 3rd. Finally, Stifel Nicolaus raised their price objective on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $148.25.

Xylem Stock Down 1.9 %

XYL stock opened at $119.46 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1 year low of $93.86 and a 1 year high of $146.08. The company has a fifty day simple moving average of $132.78 and a 200 day simple moving average of $135.13. The firm has a market cap of $29.02 billion, a PE ratio of 34.93, a PEG ratio of 2.14 and a beta of 1.05.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the business earned $0.99 EPS. Xylem’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, August 29th. Xylem’s payout ratio is presently 42.11%.

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.