BNP Paribas Sells 1,545 Shares of Xylem Inc. (NYSE:XYL)

BNP Paribas reduced its position in shares of Xylem Inc. (NYSE:XYL) by 17.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,420 shares of the industrial products company’s stock after selling 1,545 shares during the quarter. BNP Paribas’ holdings in Xylem were worth $1,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in shares of Xylem by 191.7% in the first quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock valued at $3,543,000 after purchasing an additional 18,014 shares during the period. Victory Capital Management Inc. raised its position in shares of Xylem by 9.3% in the third quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock valued at $219,731,000 after purchasing an additional 137,883 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Xylem by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after purchasing an additional 5,817 shares during the period. Quintet Private Bank Europe S.A. raised its position in shares of Xylem by 28.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 203,262 shares of the industrial products company’s stock valued at $27,446,000 after purchasing an additional 44,414 shares during the period. Finally, Banque Cantonale Vaudoise raised its position in shares of Xylem by 13.9% in the third quarter. Banque Cantonale Vaudoise now owns 42,713 shares of the industrial products company’s stock valued at $5,768,000 after purchasing an additional 5,209 shares during the period. 87.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on XYL. Royal Bank of Canada dropped their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. UBS Group started coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Robert W. Baird decreased their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. TD Cowen decreased their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus upped their price target on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Trading Up 0.9 %

Shares of Xylem stock opened at $125.60 on Thursday. The company has a market capitalization of $30.51 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 2.29 and a beta of 1.05. 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 Inc. has a 12-month low of $102.63 and a 12-month high of $146.08. The firm’s 50-day moving average price is $129.89 and its two-hundred day moving average price is $134.00.

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

Xylem Announces Dividend

The business 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 of this dividend is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.15%. Xylem’s dividend payout ratio (DPR) 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.