Xylem Inc. (NYSE:XYL) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont reduced its position in Xylem Inc. (NYSE:XYL) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,993 shares of the industrial products company’s stock after selling 596 shares during the period. Trust Co. of Vermont’s holdings in Xylem were worth $695,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of XYL. State Street Corp grew its stake in Xylem by 1.9% during the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after buying an additional 189,820 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Xylem by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock valued at $762,804,000 after acquiring an additional 54,877 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Xylem by 1.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock worth $465,760,000 after purchasing an additional 32,645 shares during the period. Swedbank AB increased its holdings in Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after purchasing an additional 554,609 shares in the last quarter. Finally, Impax Asset Management Group plc raised its position in Xylem by 1.0% in the third quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock valued at $226,555,000 after purchasing an additional 15,825 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on XYL shares. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a research note on Thursday, December 12th. Robert W. Baird lowered their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus decreased their target price on shares of Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research note on Wednesday, December 11th. TD Cowen lowered their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, Royal Bank of Canada cut their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $152.10.

Xylem Price Performance

Shares of XYL stock opened at $119.84 on Friday. The firm has a fifty day moving average of $121.08 and a two-hundred day moving average of $128.80. The firm has a market cap of $29.11 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.89 and a beta of 1.06. Xylem Inc. has a 1-year low of $109.70 and a 1-year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Tuesday, November 26th. Xylem’s dividend payout ratio is currently 42.11%.

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.