Angeles Investment Advisors LLC Has $548,000 Stock Holdings in Xylem Inc. (NYSE:XYL)

Angeles Investment Advisors LLC decreased its holdings in shares of Xylem Inc. (NYSE:XYL) by 6.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,060 shares of the industrial products company’s stock after selling 270 shares during the period. Angeles Investment Advisors LLC’s holdings in Xylem were worth $548,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of XYL. Swedbank AB acquired a new position in Xylem during the first quarter worth $311,684,000. LPL Financial LLC raised its holdings in shares of Xylem by 246.6% in the second quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock valued at $44,012,000 after purchasing an additional 230,878 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Xylem by 189.2% in the second quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock valued at $42,778,000 after purchasing an additional 206,350 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Xylem by 433.0% in the second quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company’s stock valued at $31,070,000 after purchasing an additional 186,105 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Xylem in the first quarter valued at about $23,263,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on XYL shares. Robert W. Baird lowered their target price on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Stifel Nicolaus raised their price objective on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen decreased their price objective on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Finally, 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 report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.17.

Xylem Price Performance

Xylem stock traded up $0.16 during mid-day trading on Wednesday, hitting $124.79. 2,146,111 shares of the company traded hands, compared to its average volume of 1,167,897. Xylem Inc. has a one year low of $98.21 and a one year high of $146.08. The stock has a market cap of $30.32 billion, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The stock has a fifty day moving average price of $131.09 and a 200-day moving average price of $134.93.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $2.10 billion during 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%. Xylem’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 earnings per share. On average, equities analysts predict that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

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.