Quadrature Capital Ltd Sells 27,163 Shares of Xylem Inc. (NYSE:XYL)

Quadrature Capital Ltd lessened its stake in shares of Xylem Inc. (NYSE:XYL) by 79.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,833 shares of the industrial products company’s stock after selling 27,163 shares during the quarter. Quadrature Capital Ltd’s holdings in Xylem were worth $781,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in XYL. Kestra Advisory Services LLC grew its holdings in Xylem by 14.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 7,526 shares of the industrial products company’s stock valued at $685,000 after buying an additional 949 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in Xylem by 11.1% during the 3rd quarter. Rafferty Asset Management LLC now owns 19,151 shares of the industrial products company’s stock valued at $1,743,000 after buying an additional 1,915 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Xylem during the 3rd quarter valued at about $675,000. Envestnet Asset Management Inc. grew its holdings in Xylem by 2.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 219,599 shares of the industrial products company’s stock valued at $19,990,000 after buying an additional 4,562 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in Xylem by 11.6% during the 3rd quarter. Nordea Investment Management AB now owns 20,650 shares of the industrial products company’s stock valued at $1,887,000 after buying an additional 2,152 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. BNP Paribas assumed coverage on Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price objective for the company. Citigroup boosted their price objective on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Robert W. Baird boosted their price objective on Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, Argus boosted their price objective on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.92.

Insider Buying and Selling at Xylem

In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the transaction, the chief accounting officer now owns 3,536 shares in the company, valued at $490,195.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the transaction, the chief accounting officer now owns 3,536 shares in the company, valued at $490,195.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Rodney Aulick sold 21,800 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the transaction, the senior vice president now owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Xylem Stock Performance

Shares of XYL stock opened at $138.67 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $146.08. The stock has a 50 day moving average price of $137.79 and a two-hundred day moving average price of $125.82. The company has a market capitalization of $33.62 billion, a P/E ratio of 49.35, a PEG ratio of 2.48 and a beta of 1.07.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business’s revenue was up 40.4% on a year-over-year basis. Analysts expect that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.44 annualized dividend and a yield of 1.04%. Xylem’s payout ratio is currently 51.25%.

About Xylem

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.