SG Americas Securities LLC lowered its position in shares of Xylem Inc (NYSE:XYL) by 70.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,748 shares of the industrial products company’s stock after selling 13,451 shares during the quarter. SG Americas Securities LLC’s holdings in Xylem were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in XYL. Retirement Systems of Alabama lifted its position in Xylem by 0.4% during the second quarter. Retirement Systems of Alabama now owns 87,134 shares of the industrial products company’s stock valued at $4,830,000 after buying an additional 381 shares during the period. Global X Management Co. LLC lifted its position in Xylem by 19.7% during the second quarter. Global X Management Co. LLC now owns 6,041 shares of the industrial products company’s stock valued at $335,000 after buying an additional 993 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Xylem by 4.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 785,143 shares of the industrial products company’s stock valued at $43,521,000 after buying an additional 34,064 shares during the period. Arizona State Retirement System lifted its position in Xylem by 0.5% during the second quarter. Arizona State Retirement System now owns 44,600 shares of the industrial products company’s stock valued at $2,472,000 after buying an additional 200 shares during the period. Finally, Conning Inc. purchased a new position in Xylem during the second quarter valued at $223,000. 85.57% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on XYL shares. Royal Bank of Canada reissued an “outperform” rating and set a $71.00 price objective (up previously from $64.00) on shares of Xylem in a research report on Wednesday, October 4th. Canaccord Genuity reissued a “hold” rating and set a $56.00 price objective on shares of Xylem in a research report on Friday, October 6th. Boenning Scattergood reissued an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $63.00 price target on shares of Xylem in a research report on Friday, October 13th. Finally, Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Thursday, October 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $65.17.

In other Xylem news, insider Colin R. Sabol sold 38,070 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the completion of the sale, the insider now directly owns 61,979 shares in the company, valued at approximately $4,078,837.99. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Curtis J. Crawford sold 7,500 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total value of $498,300.00. Following the sale, the director now owns 52,385 shares of the company’s stock, valued at $3,480,459.40. The disclosure for this sale can be found here. In the last three months, insiders sold 83,666 shares of company stock valued at $5,528,289. 0.75% of the stock is owned by insiders.

Xylem Inc (NYSE:XYL) traded up $0.87 on Friday, hitting $67.57. The stock had a trading volume of 1,818,838 shares, compared to its average volume of 733,901. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a market cap of $11,979.32, a price-to-earnings ratio of 29.13, a PEG ratio of 1.86 and a beta of 1.17. Xylem Inc has a 12-month low of $46.67 and a 12-month high of $69.88.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. Xylem’s quarterly revenue was up 33.2% compared to the same quarter last year. equities analysts anticipate that Xylem Inc will post 2.39 EPS for the current fiscal year.

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

ILLEGAL ACTIVITY NOTICE: “SG Americas Securities LLC Sells 13,451 Shares of Xylem Inc (XYL)” was posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.watchlistnews.com/sg-americas-securities-llc-sells-13451-shares-of-xylem-inc-xyl/1768006.html.

Xylem 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.

Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc (NYSE:XYL).

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.