Xylem Inc. (NYSE:XYL) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC cut its stake in shares of Xylem Inc. (NYSE:XYLGet Rating) by 34.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,089 shares of the industrial products company’s stock after selling 582 shares during the quarter. Global Retirement Partners LLC’s holdings in Xylem were worth $112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in XYL. The Manufacturers Life Insurance Company boosted its holdings in Xylem by 4.0% in the third quarter. The Manufacturers Life Insurance Company now owns 135,397 shares of the industrial products company’s stock valued at $11,828,000 after purchasing an additional 5,252 shares in the last quarter. Barclays PLC boosted its holdings in Xylem by 49.2% in the third quarter. Barclays PLC now owns 182,077 shares of the industrial products company’s stock valued at $15,907,000 after purchasing an additional 60,022 shares in the last quarter. Rathbones Group Plc boosted its holdings in Xylem by 1.1% in the third quarter. Rathbones Group Plc now owns 344,178 shares of the industrial products company’s stock valued at $30,067,000 after purchasing an additional 3,805 shares in the last quarter. Nelson Capital Management LLC boosted its holdings in Xylem by 17.6% in the third quarter. Nelson Capital Management LLC now owns 24,963 shares of the industrial products company’s stock valued at $2,181,000 after purchasing an additional 3,737 shares in the last quarter. Finally, Ellevest Inc. boosted its holdings in Xylem by 80.8% in the third quarter. Ellevest Inc. now owns 828 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 370 shares in the last quarter. 83.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Xylem news, SVP Matthew Francis Pine sold 11,870 shares of the stock in a transaction on Friday, November 4th. The stock was sold at an average price of $107.12, for a total value of $1,271,514.40. Following the completion of the transaction, the senior vice president now owns 22,819 shares in the company, valued at $2,444,371.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XYL shares. Cowen increased their price objective on Xylem from $105.00 to $115.00 in a report on Wednesday, November 2nd. Royal Bank of Canada increased their price objective on Xylem from $105.00 to $114.00 and gave the company an “outperform” rating in a report on Wednesday, November 2nd. Cowen increased their price objective on Xylem from $105.00 to $115.00 in a report on Wednesday, November 2nd. Morgan Stanley increased their price objective on Xylem from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, January 18th. Finally, StockNews.com raised Xylem from a “hold” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $114.50.

Xylem Trading Up 2.1 %

NYSE:XYL opened at $103.57 on Wednesday. The stock has a fifty day moving average price of $111.44 and a two-hundred day moving average price of $100.23. The stock has a market capitalization of $18.67 billion, a price-to-earnings ratio of 58.85, a PEG ratio of 2.65 and a beta of 1.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.65. Xylem Inc. has a 1 year low of $72.08 and a 1 year high of $118.58.

Xylem (NYSE:XYLGet Rating) last released its quarterly earnings data on Tuesday, November 1st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.13. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Xylem had a return on equity of 14.40% and a net margin of 5.97%. As a group, sell-side analysts anticipate that Xylem Inc. will post 2.71 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Tuesday, November 22nd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, November 21st. Xylem’s payout ratio is 68.18%.

Xylem Profile

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Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through the following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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