Xylem Inc. (NYSE:XYL) Shares Sold by Covea Finance

Covea Finance trimmed its position in Xylem Inc. (NYSE:XYL) by 1.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,686 shares of the industrial products company’s stock after selling 1,294 shares during the period. Covea Finance’s holdings in Xylem were worth $10,355,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of XYL. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Xylem by 1,503.7% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after purchasing an additional 1,547,043 shares in the last quarter. Vancity Investment Management Ltd raised its holdings in Xylem by 87.2% during the fourth quarter. Vancity Investment Management Ltd now owns 269,715 shares of the industrial products company’s stock worth $30,845,000 after purchasing an additional 125,619 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Xylem by 26.9% during the fourth quarter. V Square Quantitative Management LLC now owns 5,031 shares of the industrial products company’s stock worth $575,000 after purchasing an additional 1,067 shares in the last quarter. Syon Capital LLC bought a new stake in Xylem during the fourth quarter worth approximately $214,000. Finally, Royal London Asset Management Ltd. raised its holdings in Xylem by 2.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 93,604 shares of the industrial products company’s stock worth $10,705,000 after purchasing an additional 2,501 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on XYL shares. TD Cowen reissued a “hold” rating and set a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. Stifel Nicolaus upped their price target on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird upped their price target on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada upped their price target on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, UBS Group initiated coverage on Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.67.

Xylem Stock Up 2.0 %

Shares of Xylem stock traded up $2.69 on Friday, hitting $136.86. 812,774 shares of the company traded hands, compared to its average volume of 1,063,790. The company has a 50-day moving average price of $132.80 and a 200 day moving average price of $134.83. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The company has a market cap of $33.18 billion, a PE ratio of 48.70, a PEG ratio of 2.36 and a beta of 1.04.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. Xylem’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. Sell-side analysts predict that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio is presently 51.25%.

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.