American International Group Inc. lifted its position in Xylem Inc (NYSE:XYL) by 6.2% in the third quarter, HoldingsChannel.com reports. The firm owned 63,822 shares of the industrial products company’s stock after acquiring an additional 3,716 shares during the period. American International Group Inc.’s holdings in Xylem were worth $5,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Notis McConarty Edward raised its stake in Xylem by 5.9% during the 3rd quarter. Notis McConarty Edward now owns 17,945 shares of the industrial products company’s stock valued at $1,433,000 after acquiring an additional 1,000 shares during the last quarter. Scout Investments Inc. raised its stake in Xylem by 4.8% during the 3rd quarter. Scout Investments Inc. now owns 326,509 shares of the industrial products company’s stock valued at $26,078,000 after acquiring an additional 14,991 shares during the last quarter. Morgan Stanley raised its stake in Xylem by 43.1% during the 2nd quarter. Morgan Stanley now owns 1,175,977 shares of the industrial products company’s stock valued at $79,238,000 after acquiring an additional 354,340 shares during the last quarter. Trust Co. of Vermont raised its stake in Xylem by 50.8% during the 3rd quarter. Trust Co. of Vermont now owns 3,818 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 1,287 shares during the last quarter. Finally, Strs Ohio raised its stake in Xylem by 27.4% during the 2nd quarter. Strs Ohio now owns 30,837 shares of the industrial products company’s stock valued at $2,077,000 after acquiring an additional 6,630 shares during the last quarter. 84.10% of the stock is owned by hedge funds and other institutional investors.

XYL has been the subject of a number of analyst reports. Seaport Global Securities set a $80.00 target price on Xylem and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Royal Bank of Canada reissued a “buy” rating and set a $77.00 target price on shares of Xylem in a research note on Wednesday, October 31st. Oppenheimer reissued a “buy” rating on shares of Xylem in a research note on Tuesday, October 30th. Cowen reissued a “buy” rating and set a $85.00 target price on shares of Xylem in a research note on Friday, October 12th. Finally, ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $79.00.

XYL opened at $66.83 on Friday. The company has a market capitalization of $12.23 billion, a P/E ratio of 27.85, a PEG ratio of 1.31 and a beta of 1.28. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.07 and a current ratio of 1.49. Xylem Inc has a 1-year low of $63.71 and a 1-year high of $82.44.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Xylem had a return on equity of 19.54% and a net margin of 7.75%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. As a group, equities research analysts forecast that Xylem Inc will post 2.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Thursday, November 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Wednesday, October 31st. Xylem’s dividend payout ratio is currently 35.00%.

In related news, insider Paul A. Stellato sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $82.00, for a total value of $123,000.00. Following the sale, the insider now owns 12,796 shares in the company, valued at approximately $1,049,272. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Colin R. Sabol sold 17,161 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $81.37, for a total value of $1,396,390.57. Following the completion of the sale, the insider now owns 41,988 shares in the company, valued at approximately $3,416,563.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,661 shares of company stock worth $1,755,281. Insiders own 0.81% of the company’s stock.

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Xylem Profile

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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