MetLife Investment Management LLC Sells 1,516 Shares of Xylem Inc. (NYSE:XYL)

MetLife Investment Management LLC decreased its holdings in Xylem Inc. (NYSE:XYL) by 2.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 63,133 shares of the industrial products company’s stock after selling 1,516 shares during the quarter. MetLife Investment Management LLC’s holdings in Xylem were worth $8,525,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake 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 acquiring an additional 77 shares in the last quarter. Bangor Savings Bank increased its position in Xylem by 56.7% during the 3rd 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 bought a new position in Xylem in the 2nd quarter valued at approximately $33,000. Blue Trust Inc. boosted its position in Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after buying an additional 249 shares in the last quarter. Finally, Assetmark Inc. boosted its position in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after buying an additional 311 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Robert W. Baird dropped their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. TD Cowen dropped their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target on the stock. Finally, Royal Bank of Canada dropped their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus price target of $149.64.

Xylem Price Performance

XYL stock opened at $125.61 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm has a market cap of $30.52 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 2.31 and a beta of 1.05. The company’s fifty day simple moving average is $129.75 and its 200 day simple moving average is $133.94. Xylem Inc. has a 12-month low of $102.63 and a 12-month high of $146.08.

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

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.15%. Xylem’s dividend payout ratio is currently 42.11%.

Xylem Company 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.