Xylem Inc. (NYSE:XYL) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its stake in Xylem Inc. (NYSE:XYL) by 15.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,661,991 shares of the industrial products company’s stock after selling 309,831 shares during the quarter. Impax Asset Management Group plc’s holdings in Xylem were worth $225,416,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of XYL. Vanguard Group Inc. lifted its position in shares of Xylem by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after purchasing an additional 187,847 shares in the last quarter. Swedbank AB lifted its position in shares of Xylem by 1.0% during the second quarter. Swedbank AB now owns 2,436,974 shares of the industrial products company’s stock worth $330,527,000 after purchasing an additional 25,308 shares in the last quarter. Mirova US LLC lifted its position in shares of Xylem by 2.0% during the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after purchasing an additional 36,013 shares in the last quarter. Norges Bank acquired a new stake in shares of Xylem during the fourth quarter worth about $198,207,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Xylem by 1,503.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after purchasing an additional 1,547,043 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Argus increased their price target on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Stifel Nicolaus increased their price target 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. Robert W. Baird lifted their target price on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.54.

Xylem Trading Up 1.1 %

Shares of NYSE:XYL traded up $1.37 during trading on Friday, reaching $129.40. 38,594 shares of the stock were exchanged, compared to its average volume of 1,211,085. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The firm has a market cap of $31.43 billion, a price-to-earnings ratio of 45.56, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The firm’s 50-day moving average price is $134.31 and its 200 day moving average price is $133.68.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. On average, sell-side analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s dividend payout ratio is presently 51.25%.

Insiders Place Their Bets

In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the sale, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at $490,195.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by corporate insiders.

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.