Ceredex Value Advisors LLC Has $21.49 Million Stock Position in Xylem Inc. (NYSE:XYL)

Ceredex Value Advisors LLC lessened its stake in Xylem Inc. (NYSE:XYL) by 7.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,167 shares of the industrial products company’s stock after selling 12,287 shares during the quarter. Ceredex Value Advisors LLC owned about 0.07% of Xylem worth $21,492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norden Group LLC bought a new stake in shares of Xylem during the 1st quarter worth approximately $2,821,000. First Trust Direct Indexing L.P. increased its stake in shares of Xylem by 6.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 7,912 shares of the industrial products company’s stock valued at $1,023,000 after purchasing an additional 469 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Xylem by 21.5% during the 1st quarter. BNP Paribas Financial Markets now owns 379,273 shares of the industrial products company’s stock worth $49,017,000 after buying an additional 66,997 shares during the last quarter. Connecticut Wealth Management LLC raised its stake in Xylem by 6.0% during the first quarter. Connecticut Wealth Management LLC now owns 1,945 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 110 shares in the last quarter. Finally, Resonant Capital Advisors LLC bought a new position in shares of Xylem in the first quarter worth about $201,000. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of XYL stock opened at $119.46 on Friday. The firm has a 50 day moving average of $132.78 and a 200-day moving average of $135.13. The company has a market cap of $29.02 billion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. The company has a quick ratio of 1.33, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52 week low of $93.86 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The firm had revenue of $2.10 billion during 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 business’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. On average, equities analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. Xylem’s dividend payout ratio is 42.11%.

Analyst Ratings Changes

XYL has been the subject of several research reports. Stifel Nicolaus increased their price objective 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. UBS Group started coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. TD Cowen reissued a “hold” rating and set a $138.00 price target on shares of Xylem in a research note on Tuesday, September 3rd. Royal Bank of Canada reduced their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Robert W. Baird dropped their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $148.25.

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.