TSP Capital Management Group LLC reduced its stake in Xylem Inc. (NYSE:XYL) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,275 shares of the industrial products company’s stock after selling 1,850 shares during the period. Xylem comprises about 5.3% of TSP Capital Management Group LLC’s holdings, making the stock its 3rd largest position. TSP Capital Management Group LLC owned about 0.12% of Xylem worth $11,600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Xylem by 3.7% in the first quarter. Vanguard Group Inc. now owns 17,287,871 shares of the industrial products company’s stock valued at $868,197,000 after buying an additional 619,368 shares during the last quarter. BlackRock Inc. raised its position in Xylem by 2,452.8% in the first quarter. BlackRock Inc. now owns 12,042,342 shares of the industrial products company’s stock valued at $604,765,000 after buying an additional 11,570,613 shares during the last quarter. Pictet Asset Management Ltd. raised its position in Xylem by 7.9% in the second quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock valued at $226,441,000 after buying an additional 318,756 shares during the last quarter. Janus Capital Management LLC raised its position in Xylem by 3.5% in the first quarter. Janus Capital Management LLC now owns 2,563,661 shares of the industrial products company’s stock valued at $128,747,000 after buying an additional 86,938 shares during the last quarter. Finally, Impax Asset Management LTD raised its position in Xylem by 24.5% in the first quarter. Impax Asset Management LTD now owns 2,404,602 shares of the industrial products company’s stock valued at $120,758,000 after buying an additional 472,504 shares during the last quarter. 86.47% of the stock is owned by hedge funds and other institutional investors.

Xylem Inc. (NYSE XYL) opened at 60.62 on Tuesday. The company’s 50-day moving average price is $58.12 and its 200 day moving average price is $52.71. Xylem Inc. has a 12 month low of $45.60 and a 12 month high of $60.74. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 39.13 and a beta of 1.18.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. Analysts predict that Xylem Inc. will post $2.37 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.72 annualized dividend and a dividend yield of 1.18%. Xylem’s payout ratio is 46.45%.

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XYL has been the subject of several recent research reports. CIBC reissued a “buy” rating on shares of Xylem in a research report on Wednesday, May 10th. BMO Capital Markets boosted their price target on Xylem from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Canaccord Genuity reissued a “hold” rating and issued a $50.00 price target on shares of Xylem in a research report on Friday, July 28th. Royal Bank Of Canada boosted their price target on Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $52.00 price target on shares of Xylem in a research report on Friday, May 26th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $59.42.

In other news, Director Steven R. Loranger sold 66,132 shares of the stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the transaction, the director now owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kenneth Napolitano sold 9,052 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the transaction, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

About Xylem

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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