CIBC Asset Management Inc reduced its position in Xylem Inc (NYSE:XYL) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,135 shares of the industrial products company’s stock after selling 1,197 shares during the quarter. CIBC Asset Management Inc’s holdings in Xylem were worth $1,169,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Invictus RG purchased a new stake in shares of Xylem during the third quarter valued at $104,000. Hanson & Doremus Investment Management purchased a new stake in shares of Xylem during the fourth quarter valued at $126,000. FNY Partners Fund LP grew its holdings in shares of Xylem by 2,700.0% during the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after buying an additional 2,700 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Xylem by 18.3% during the second quarter. Advisor Group Inc. now owns 3,592 shares of the industrial products company’s stock valued at $198,000 after buying an additional 555 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Xylem during the third quarter valued at $205,000. 85.49% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on XYL. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Saturday. BMO Capital Markets reissued a “buy” rating and set a $86.00 price objective on shares of Xylem in a report on Friday, February 2nd. Seaport Global Securities reissued a “buy” rating and set a $83.00 price objective on shares of Xylem in a report on Friday, February 2nd. Oppenheimer boosted their price objective on shares of Xylem to $82.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Canaccord Genuity reissued a “hold” rating and set a $75.00 price objective on shares of Xylem in a report on Sunday, January 28th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $70.08.

In related news, Director Steven R. Loranger sold 17,139 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $68.10, for a total transaction of $1,167,165.90. Following the completion of the transaction, the director now directly owns 26,150 shares in the company, valued at $1,780,815. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven R. Loranger sold 47,712 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $68.10, for a total transaction of $3,249,187.20. Following the transaction, the director now owns 68,843 shares of the company’s stock, valued at $4,688,208.30. The disclosure for this sale can be found here. Insiders have sold 67,507 shares of company stock valued at $4,596,445 over the last 90 days. 0.75% of the stock is currently owned by insiders.

Xylem Inc (NYSE XYL) opened at $70.82 on Monday. The stock has a market cap of $12,720.00, a price-to-earnings ratio of 38.70, a P/E/G ratio of 1.35 and a beta of 1.20. Xylem Inc has a 1 year low of $46.95 and a 1 year high of $76.81. The company has a current ratio of 1.88, a quick ratio of 1.41 and a debt-to-equity ratio of 0.87.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. equities analysts anticipate that Xylem Inc will post 2.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a yield of 1.19%. Xylem’s payout ratio is currently 39.34%.

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Xylem Company Profile

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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