OVERSEA CHINESE BANKING Corp Ltd Lowers Stake in Xylem Inc. (NYSE:XYL)

OVERSEA CHINESE BANKING Corp Ltd cut its holdings in shares of Xylem Inc. (NYSE:XYL) by 15.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 203,244 shares of the industrial products company’s stock after selling 36,758 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned 0.08% of Xylem worth $27,444,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of Xylem by 12.9% during the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock worth $43,737,000 after purchasing an additional 38,603 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Xylem by 1.4% during the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company’s stock worth $50,902,000 after purchasing an additional 5,477 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Xylem by 191.7% during the first quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock worth $3,543,000 after purchasing an additional 18,014 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of Xylem by 82.6% during the first quarter. Edgestream Partners L.P. now owns 25,070 shares of the industrial products company’s stock worth $3,240,000 after purchasing an additional 11,344 shares in the last quarter. Finally, BOKF NA increased its position in shares of Xylem by 967.9% during the first quarter. BOKF NA now owns 68,941 shares of the industrial products company’s stock worth $8,869,000 after purchasing an additional 62,485 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on XYL. Robert W. Baird cut their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus upped their target price on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group began coverage on Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. TD Cowen cut their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada cut their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and a consensus price target of $147.17.

Xylem Trading Up 0.2 %

XYL stock opened at $124.63 on Tuesday. The company’s 50-day simple moving average is $131.21 and its 200-day simple moving average is $134.99. 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 52-week low of $98.21 and a 52-week high of $146.08. The firm has a market cap of $30.28 billion, a P/E ratio of 36.44, a PEG ratio of 2.29 and a beta of 1.05.

Xylem (NYSE:XYL) last posted its earnings results 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. The business had revenue of $2.10 billion for 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%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 EPS. As a group, equities analysts forecast that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio is presently 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.