Allspring Global Investments Holdings LLC Sells 1,072 Shares of Xylem Inc. (NYSE:XYL)

Allspring Global Investments Holdings LLC trimmed its position in Xylem Inc. (NYSE:XYL) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,333 shares of the industrial products company’s stock after selling 1,072 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Xylem were worth $1,665,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after buying an additional 77 shares in the last quarter. Bangor Savings Bank grew its holdings in shares of Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Xylem during the second quarter worth about $33,000. Blue Trust Inc. increased its position in shares of Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 249 shares during the last quarter. Finally, FinTrust Capital Advisors LLC raised its stake in Xylem by 170.9% in the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 200 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

A number of equities analysts have recently commented on XYL shares. UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. TD Cowen reissued a “hold” rating and issued a $138.00 target price on shares of Xylem in a research note on Tuesday, September 3rd. Royal Bank of Canada raised their price target on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Robert W. Baird upped their price objective on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus raised 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. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.67.

Xylem Stock Performance

Shares of XYL stock opened at $130.22 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. Xylem Inc. has a fifty-two week low of $91.42 and a fifty-two week high of $146.08. The company has a market capitalization of $31.63 billion, a P/E ratio of 41.21, a PEG ratio of 2.30 and a beta of 1.04. The stock has a 50 day moving average price of $133.41 and a two-hundred day moving average price of $135.28.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS 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 company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the business posted $0.98 EPS. The firm’s revenue was up 26.0% compared to the same quarter last year. Analysts expect that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.11%. Xylem’s dividend payout ratio is currently 45.57%.

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.