Xylem Inc. (NYSE:XYL) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in Xylem Inc. (NYSE:XYL) by 8.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,095 shares of the industrial products company’s stock after selling 3,751 shares during the period. Blair William & Co. IL’s holdings in Xylem were worth $5,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of XYL. Swedbank AB acquired a new stake in Xylem in the 1st quarter valued at about $311,684,000. Artisan Partners Limited Partnership acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Xylem by 1,503.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after buying an additional 1,547,043 shares in the last quarter. Kodai Capital Management LP acquired a new position in Xylem during the fourth quarter worth $133,945,000. Finally, Balyasny Asset Management L.P. grew its holdings in Xylem by 4,769.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock valued at $106,056,000 after buying an additional 908,343 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XYL. TD Cowen reiterated a “hold” rating and set a $138.00 price target on shares of Xylem in a report on Tuesday, September 3rd. Royal Bank of Canada lifted their target price on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their price target on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus upped their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Oppenheimer raised their target price on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and a consensus target price of $147.54.

Xylem Price Performance

XYL opened at $134.81 on Friday. The stock’s 50-day moving average price is $133.68 and its 200 day moving average price is $134.19. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The firm has a market cap of $32.68 billion, a price-to-earnings ratio of 47.98, a PEG ratio of 2.34 and a beta of 1.04. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.04. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The business’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, sell-side analysts expect that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be paid a $0.36 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. Xylem’s dividend payout ratio (DPR) is 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.