Boston Common Asset Management LLC Trims Stock Position in Xylem Inc. (NYSE:XYL)

Boston Common Asset Management LLC lessened its position in shares of Xylem Inc. (NYSE:XYL) by 24.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,304 shares of the industrial products company’s stock after selling 38,405 shares during the period. Boston Common Asset Management LLC’s holdings in Xylem were worth $13,842,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of XYL. State Street Corp increased its holdings in shares of Xylem by 1.9% in the third quarter. State Street Corp now owns 10,329,494 shares of the industrial products company’s stock worth $1,394,792,000 after purchasing an additional 189,820 shares during the period. Geode Capital Management LLC grew its position in Xylem by 1.0% during the third quarter. Geode Capital Management LLC now owns 5,668,755 shares of the industrial products company’s stock worth $762,804,000 after buying an additional 54,877 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Xylem by 1.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,449,307 shares of the industrial products company’s stock worth $465,760,000 after acquiring an additional 32,645 shares during the last quarter. Swedbank AB raised its holdings in shares of Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after acquiring an additional 554,609 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its position in shares of Xylem by 1.0% during the 3rd quarter. Impax Asset Management Group plc now owns 1,677,816 shares of the industrial products company’s stock valued at $226,555,000 after acquiring an additional 15,825 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of XYL stock traded up $0.51 during mid-day trading on Friday, hitting $119.46. The company had a trading volume of 202,645 shares, compared to its average volume of 1,193,917. The company has a market capitalization of $29.02 billion, a P/E ratio of 34.92, a P/E/G ratio of 1.89 and a beta of 1.06. The stock’s 50 day moving average price is $121.17 and its 200-day moving average price is $128.90. Xylem Inc. has a 52-week low of $109.70 and a 52-week high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

Xylem (NYSE:XYL) last issued its quarterly earnings data 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. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the firm earned $0.99 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.21%. Xylem’s dividend payout ratio is presently 42.11%.

Wall Street Analysts Forecast Growth

XYL has been the subject of several research reports. Stifel Nicolaus cut their target price on shares of Xylem from $172.00 to $166.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Citigroup dropped their price target on Xylem from $148.00 to $147.00 and set a “buy” rating for the company in a research note on Monday. Royal Bank of Canada reduced their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wolfe Research reissued a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Robert W. Baird cut their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average target price of $152.10.

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.