Xylem Inc. (NYSE:XYL) Shares Sold by MAI Capital Management

MAI Capital Management decreased its position in Xylem Inc. (NYSE:XYL) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,705 shares of the industrial products company’s stock after selling 89 shares during the quarter. MAI Capital Management’s holdings in Xylem were worth $635,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Swiss National Bank grew its position in Xylem by 0.5% in the third quarter. Swiss National Bank now owns 719,592 shares of the industrial products company’s stock valued at $97,167,000 after acquiring an additional 3,800 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Xylem by 38.6% during the third quarter. Thrivent Financial for Lutherans now owns 71,098 shares of the industrial products company’s stock worth $9,600,000 after buying an additional 19,816 shares in the last quarter. Gouws Capital LLC grew its position in shares of Xylem by 29.4% during the third quarter. Gouws Capital LLC now owns 21,191 shares of the industrial products company’s stock worth $2,861,000 after buying an additional 4,817 shares in the last quarter. Empowered Funds LLC grew its position in shares of Xylem by 4.0% during the third quarter. Empowered Funds LLC now owns 4,875 shares of the industrial products company’s stock worth $658,000 after buying an additional 188 shares in the last quarter. Finally, Empirical Finance LLC grew its position in shares of Xylem by 2.9% during the third quarter. Empirical Finance LLC now owns 7,299 shares of the industrial products company’s stock worth $986,000 after buying an additional 207 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on XYL shares. TD Cowen decreased their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Stifel Nicolaus raised their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird decreased their price target 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. Royal Bank of Canada decreased 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. Finally, 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 objective for the company. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Price Performance

NYSE:XYL opened at $126.88 on Friday. The business’s 50-day moving average price is $130.14 and its 200 day moving average price is $134.31. The firm has a market cap of $30.83 billion, a P/E ratio of 37.10, a PEG ratio of 2.25 and a beta of 1.05. Xylem Inc. has a 52-week low of $102.42 and a 52-week high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19.

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

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be paid a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.13%. 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.