Xylem Inc. (NYSE:XYL) Shares Sold by InTrack Investment Management Inc

InTrack Investment Management Inc decreased its holdings in Xylem Inc. (NYSE:XYL) by 10.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,763 shares of the industrial products company’s stock after selling 685 shares during the quarter. InTrack Investment Management Inc’s holdings in Xylem were worth $778,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Duality Advisers LP acquired a new stake in shares of Xylem during the first quarter worth $6,746,000. Vanguard Group Inc. raised its holdings in Xylem by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after buying an additional 187,847 shares during the period. Russell Investments Group Ltd. lifted its stake in Xylem by 12.9% during the first quarter. Russell Investments Group Ltd. now owns 338,315 shares of the industrial products company’s stock valued at $43,737,000 after buying an additional 38,603 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Xylem by 1.4% in 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 buying an additional 5,477 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of Xylem by 7.9% in the fourth quarter. Fisher Asset Management LLC now owns 379,174 shares of the industrial products company’s stock worth $43,362,000 after acquiring an additional 27,718 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XYL. UBS Group started coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. Stifel Nicolaus raised their target price on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen reissued a “hold” rating and set a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Royal Bank of Canada increased their price objective on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird lifted their target price on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.67.

Xylem Price Performance

Shares of XYL stock opened at $136.86 on Friday. The firm has a market cap of $33.18 billion, a price-to-earnings ratio of 48.70, a PEG ratio of 2.36 and a beta of 1.04. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $132.80 and a 200 day moving average price of $134.87.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. Xylem’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. Research analysts expect that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.05%. Xylem’s payout ratio is 51.25%.

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.