TD Asset Management Inc. trimmed its holdings in shares of Xylem Inc (NYSE:XYL) by 2.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,038,843 shares of the industrial products company’s stock after selling 24,610 shares during the period. TD Asset Management Inc. owned approximately 0.58% of Xylem worth $86,889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Gulf International Bank UK Ltd increased its holdings in shares of Xylem by 1.9% during the first quarter. Gulf International Bank UK Ltd now owns 44,560 shares of the industrial products company’s stock valued at $3,522,000 after purchasing an additional 830 shares during the period. Peoples Financial Services CORP. grew its holdings in Xylem by 2.9% during the first quarter. Peoples Financial Services CORP. now owns 8,938 shares of the industrial products company’s stock worth $706,000 after acquiring an additional 250 shares during the period. BlackRock Inc. grew its holdings in Xylem by 3.6% during the first quarter. BlackRock Inc. now owns 14,986,762 shares of the industrial products company’s stock worth $1,184,554,000 after acquiring an additional 516,715 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Xylem by 48.8% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,438 shares of the industrial products company’s stock worth $204,000 after acquiring an additional 800 shares during the period. Finally, Swiss National Bank grew its holdings in Xylem by 2.8% during the first quarter. Swiss National Bank now owns 599,822 shares of the industrial products company’s stock worth $47,410,000 after acquiring an additional 16,300 shares during the period. 85.62% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on XYL shares. Stifel Nicolaus lowered their target price on Xylem from $93.00 to $89.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Cowen lowered Xylem from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $75.00 to $72.00 in a report on Tuesday, May 14th. Janney Montgomery Scott raised Xylem from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Friday, May 3rd. Finally, Credit Suisse Group lowered Xylem from an “outperform” rating to a “neutral” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $79.69.

In related news, insider Kenneth Napolitano sold 5,000 shares of Xylem stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $75.13, for a total value of $375,650.00. Following the transaction, the insider now owns 46,228 shares of the company’s stock, valued at approximately $3,473,109.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Claudia S. Toussaint sold 2,344 shares of Xylem stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $78.53, for a total value of $184,074.32. Following the completion of the transaction, the senior vice president now directly owns 43,761 shares in the company, valued at approximately $3,436,551.33. The disclosure for this sale can be found here. Insiders sold a total of 30,371 shares of company stock worth $2,424,707 in the last three months. 0.85% of the stock is currently owned by company insiders.

XYL traded down $1.94 during trading on Wednesday, reaching $75.10. The company had a trading volume of 22,105 shares, compared to its average volume of 852,593. The company has a 50-day moving average of $80.62. The firm has a market capitalization of $13.64 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.19. Xylem Inc has a 12-month low of $60.65 and a 12-month high of $85.39. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.71.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.79 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.79. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Xylem had a return on equity of 19.23% and a net margin of 10.90%. Xylem’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. Analysts anticipate that Xylem Inc will post 3.17 earnings per share for the current fiscal year.

Xylem Profile

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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