Xylem Inc. (NYSE:XYL) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC reduced its stake in Xylem Inc. (NYSE:XYL) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,927 shares of the industrial products company’s stock after selling 146 shares during the period. Rice Hall James & Associates LLC’s holdings in Xylem were worth $1,340,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. increased its holdings in Xylem by 3.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 505,001 shares of the industrial products company’s stock valued at $68,190,000 after purchasing an additional 15,772 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in Xylem by 0.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after purchasing an additional 78 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Xylem by 1.5% in the 3rd quarter. New York State Teachers Retirement System now owns 182,388 shares of the industrial products company’s stock valued at $24,628,000 after purchasing an additional 2,609 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in Xylem by 3.0% in the 3rd quarter. Highview Capital Management LLC DE now owns 14,879 shares of the industrial products company’s stock valued at $2,009,000 after purchasing an additional 438 shares in the last quarter. Finally, Valmark Advisers Inc. purchased a new position in Xylem in the 3rd quarter valued at about $216,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on XYL shares. Royal Bank of Canada decreased their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday. TD Cowen reaffirmed a “hold” rating and set a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Robert W. Baird reduced their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research report on Friday. Stifel Nicolaus increased their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group started coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.25.

Xylem Stock Performance

Shares of NYSE XYL opened at $119.46 on Friday. The firm’s 50-day moving average price is $132.78 and its two-hundred day moving average price is $135.13. Xylem Inc. has a 52-week low of $93.86 and a 52-week high of $146.08. The stock has a market capitalization of $29.02 billion, a P/E ratio of 34.93, a P/E/G 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 (NYSE:XYL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business earned $0.99 earnings per share. Xylem’s revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

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

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.