Rice Hall James & Associates LLC lessened its stake in Xylem Inc. (NYSE:XYL) by 8.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,539 shares of the industrial products company’s stock after selling 4,000 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Xylem were worth $2,852,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. increased its stake in Xylem by 0.7% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock valued at $191,000 after buying an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Xylem by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock valued at $740,000 after buying an additional 39 shares during the period. CIBC Asset Management Inc increased its stake in Xylem by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock valued at $980,000 after buying an additional 58 shares during the period. Page Arthur B increased its stake in Xylem by 0.5% in the 2nd quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock valued at $798,000 after buying an additional 70 shares during the period. Finally, Manchester Capital Management LLC increased its stake in Xylem by 0.5% in the 2nd quarter. Manchester Capital Management LLC now owns 14,198 shares of the industrial products company’s stock valued at $787,000 after buying an additional 76 shares during the period. Hedge funds and other institutional investors own 86.59% of the company’s stock.

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Several research firms have weighed in on XYL. BMO Capital Markets upped their price objective on shares of Xylem from $74.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday. Oppenheimer Holdings, Inc. upped their price objective on shares of Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday. Canaccord Genuity reiterated a “hold” rating and issued a $65.00 price objective on shares of Xylem in a research note on Wednesday. Stifel Nicolaus reiterated a “hold” rating and issued a $63.00 price objective on shares of Xylem in a research note on Friday, October 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $71.00 price objective (up previously from $64.00) on shares of Xylem in a research note on Wednesday, October 4th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $65.17.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company earned $0.54 earnings per share. The firm’s revenue was up 33.2% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.07%. Xylem’s dividend payout ratio (DPR) is presently 41.86%.

In other news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the sale, the insider now directly owns 35,303 shares in the company, valued at $2,123,828.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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