Xylem Inc. (NYSE:XYL) Shares Sold by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership cut its holdings in shares of Xylem Inc. (NYSE:XYL) by 9.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,486 shares of the industrial products company’s stock after selling 736 shares during the period. Xylem comprises about 0.4% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 23rd biggest holding. Foresight Group Ltd Liability Partnership’s holdings in Xylem were worth $1,011,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. City Holding Co. grew its stake in Xylem by 3.8% in the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 75 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Xylem by 3.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 79 shares in the last quarter. Addison Advisors LLC grew its stake in Xylem by 5.8% in the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 82 shares in the last quarter. Finally, Bangor Savings Bank grew its stake in Xylem by 56.7% in 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. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

XYL opened at $131.37 on Wednesday. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a market cap of $31.91 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 2.36 and a beta of 1.04. The business’s 50 day moving average is $133.77 and its 200-day moving average is $135.23.

Xylem (NYSE:XYL) last posted its quarterly earnings data 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 business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the business earned $0.98 earnings per share. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, analysts predict that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were paid 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 1.10%. Xylem’s dividend payout ratio is presently 45.57%.

Analysts Set New Price Targets

XYL has been the subject of a number of research reports. UBS Group initiated coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. Robert W. Baird raised their target price 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 raised their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada raised their target price on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, TD Cowen reissued a “hold” rating and issued a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average price target of $149.67.

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.