Xylem Inc. (NYSE:XYL) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its position in shares of Xylem Inc. (NYSE:XYL) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,897 shares of the industrial products company’s stock after selling 1,552 shares during the quarter. Intech Investment Management LLC’s holdings in Xylem were worth $4,733,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

XYL has been the topic of several recent research reports. Argus upped their price objective on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Robert W. Baird upped their target price on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, TD Cowen reaffirmed a “hold” rating and issued a $138.00 target price on shares of Xylem in a research note on Tuesday, September 3rd. 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 MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average target price of $147.54.

Xylem Stock Performance

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

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the company posted $0.98 earnings per share. Xylem’s revenue was up 26.0% compared to the same quarter last year. Equities analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be issued a $0.36 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.07%. Xylem’s dividend payout ratio is currently 51.25%.

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.