Municipal Employees Retirement System of Michigan reduced its position in shares of Xylem Inc (NYSE:XYL) by 18.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,640 shares of the industrial products company’s stock after selling 1,080 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Xylem were worth $291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harfst & Associates Inc. grew its position in Xylem by 26.1% in the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 503 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Xylem in the second quarter worth $168,000. Federated Investors Inc. PA grew its position in Xylem by 5.8% in the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock worth $182,000 after acquiring an additional 181 shares in the last quarter. Ballentine Partners LLC purchased a new position in Xylem in the third quarter worth $210,000. Finally, Wesbanco Bank Inc. purchased a new position in Xylem in the third quarter worth $213,000. Hedge funds and other institutional investors own 85.57% of the company’s stock.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Canaccord Genuity reiterated a “hold” rating and issued a $65.00 target price on shares of Xylem in a research report on Monday. Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a research report on Wednesday, November 1st. Oppenheimer upped their target price on shares of Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets upped their target price on shares of Xylem from $74.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Xylem presently has a consensus rating of “Buy” and a consensus target price of $65.17.

Xylem Inc (NYSE XYL) traded down $0.91 during midday trading on Tuesday, reaching $67.28. 721,200 shares of the company’s stock traded hands, compared to its average volume of 1,199,916. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. Xylem Inc has a twelve month low of $46.67 and a twelve month high of $69.88. The stock has a market capitalization of $12,246.92, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17.

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, beating the 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 business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue was up 33.2% on a year-over-year basis. equities analysts expect that Xylem Inc will post 2.39 earnings per share for the current year.

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

In other news, insider Colin R. Sabol sold 38,070 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the completion of the transaction, the insider now directly owns 61,979 shares of the company’s stock, valued at $4,078,837.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven R. Loranger sold 37,700 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $66.25, for a total transaction of $2,497,625.00. Following the transaction, the director now directly owns 58,831 shares of the company’s stock, valued at $3,897,553.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,270 shares of company stock valued at $5,501,312. Company insiders own 0.75% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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