IQ EQ FUND MANAGEMENT IRELAND Ltd Reduces Stock Holdings in Xylem Inc. $XYL

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its holdings in Xylem Inc. (NYSE:XYL) by 41.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 15,589 shares of the industrial products company’s stock after selling 10,846 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Xylem were worth $2,299,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SJS Investment Consulting Inc. increased its holdings in shares of Xylem by 1,844.4% in the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 166 shares during the period. First Horizon Corp purchased a new stake in Xylem in the 3rd quarter worth approximately $30,000. Grey Fox Wealth Advisors LLC purchased a new stake in Xylem during the third quarter worth $34,000. Caldwell Trust Co purchased a new stake in shares of Xylem during the 2nd quarter worth about $41,000. Finally, FWL Investment Management LLC purchased a new position in Xylem during the second quarter worth approximately $43,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 2.2%

Shares of Xylem stock opened at $142.26 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.50. The stock’s 50 day simple moving average is $139.46 and its 200-day simple moving average is $142.03. The stock has a market cap of $34.64 billion, a P/E ratio of 36.57, a P/E/G ratio of 1.98 and a beta of 1.17. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $154.27.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, November 25th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, November 25th. Xylem’s dividend payout ratio is presently 41.13%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XYL. Barclays reduced their price objective on shares of Xylem from $172.00 to $166.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Xylem in a research report on Monday, December 29th. Argus set a $170.00 price objective on Xylem in a report on Wednesday, October 29th. Stifel Nicolaus increased their target price on Xylem from $175.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Zacks Research downgraded Xylem from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average target price of $165.80.

About Xylem

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.