Xylem Inc. (NYSE:XYL) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC trimmed its position in Xylem Inc. (NYSE:XYL) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,986 shares of the industrial products company’s stock after selling 437 shares during the period. Townsquare Capital LLC’s holdings in Xylem were worth $1,484,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XYL. EverSource Wealth Advisors LLC boosted its stake in shares of 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 acquiring an additional 77 shares during the last quarter. Bangor Savings Bank boosted its stake 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 during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Xylem during the second quarter worth $33,000. Blue Trust Inc. raised 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 valued at $35,000 after buying an additional 249 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after buying an additional 311 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Stock Up 0.9 %

Xylem stock opened at $126.75 on Monday. The firm has a market capitalization of $30.79 billion, a P/E ratio of 37.06, a P/E/G ratio of 2.33 and a beta of 1.05. The stock’s fifty day simple moving average is $129.37 and its 200-day simple moving average is $133.72. Xylem Inc. has a twelve month low of $102.67 and a twelve month high of $146.08. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

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

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a yield of 1.14%. Xylem’s payout ratio is currently 42.11%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XYL. UBS Group assumed 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. TD Cowen reduced their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada lowered their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Robert W. Baird cut their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $149.64.

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.