Intech Investment Management LLC Sells 14,475 Shares of Xylem Inc. (NYSE:XYL)

Intech Investment Management LLC trimmed its holdings in shares of Xylem Inc. (NYSE:XYL) by 41.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,422 shares of the industrial products company’s stock after selling 14,475 shares during the period. Intech Investment Management LLC’s holdings in Xylem were worth $2,758,000 at the end of the most recent reporting period.

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

Xylem Stock Performance

Shares of XYL opened at $126.87 on Friday. Xylem Inc. has a 12-month low of $102.42 and a 12-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. The company has a market cap of $30.82 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. The stock has a 50-day moving average price of $130.14 and a 200-day moving average price of $134.27.

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

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend 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 42.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on XYL shares. Stifel Nicolaus lifted their price objective on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen lowered their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. UBS Group began 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. Robert W. Baird lowered their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Royal Bank of Canada cut their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Four investment 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 a consensus rating of “Moderate Buy” and a consensus target price of $149.64.

About Xylem

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.