Xylem Inc. (NYSE:XYL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in Xylem Inc. (NYSE:XYL) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,917 shares of the industrial products company’s stock after selling 669 shares during the period. Mutual of America Capital Management LLC’s holdings in Xylem were worth $4,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted 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 valued at $25,000 after purchasing an additional 77 shares during the period. Bangor Savings Bank raised its position in Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in Xylem during the second quarter worth about $33,000. Blue Trust Inc. raised its position in Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 249 shares during the last quarter. Finally, Assetmark Inc. raised its position in Xylem by 3,887.5% during the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 311 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

Xylem stock opened at $125.69 on Friday. Xylem Inc. has a 1 year low of $101.09 and a 1 year high of $146.08. The firm has a 50 day moving average price of $130.22 and a 200 day moving average price of $134.40. The company has a market cap of $30.54 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 2.25 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company 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 earned $0.99 earnings per share. Xylem’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts predict that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Stifel Nicolaus lifted their target price 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 cut 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. UBS Group assumed coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. TD Cowen cut their price objective 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. Finally, Royal Bank of Canada cut their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.64.

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.