Allspring Global Investments Holdings LLC Lowers Position in Xylem Inc. (NYSE:XYL)

Allspring Global Investments Holdings LLC trimmed its position in shares of Xylem Inc. (NYSE:XYL) by 8.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,333 shares of the industrial products company’s stock after selling 1,072 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Xylem were worth $1,665,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swedbank AB lifted its stake in shares of Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after purchasing an additional 554,609 shares during the period. Mirova US LLC boosted its holdings in shares of Xylem by 2.0% during the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock valued at $254,526,000 after buying an additional 36,013 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Xylem by 2.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock valued at $227,364,000 after buying an additional 36,601 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Xylem by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock worth $199,930,000 after buying an additional 113,571 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Xylem by 3.1% in the 2nd quarter. Sei Investments Co. now owns 1,045,023 shares of the industrial products company’s stock worth $141,736,000 after acquiring an additional 31,709 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus upped their price target on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their price objective on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. UBS Group started coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price on the stock. Finally, TD Cowen restated a “hold” rating and set a $138.00 price target on shares of Xylem in a report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average price target of $149.67.

Xylem Trading Up 0.3 %

Xylem stock opened at $130.22 on Thursday. Xylem Inc. has a one year low of $91.42 and a one year high of $146.08. The business’s fifty day moving average is $133.41 and its 200 day moving average is $135.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The stock has a market capitalization of $31.63 billion, a PE ratio of 41.21, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm posted $0.98 EPS. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. On average, sell-side analysts predict that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.11%. Xylem’s dividend payout ratio is presently 45.57%.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.