Fidelis Capital Partners LLC Lowers Holdings in Xylem Inc. (NYSE:XYL)

Fidelis Capital Partners LLC reduced its stake in shares of Xylem Inc. (NYSE:XYL) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,963 shares of the industrial products company’s stock after selling 134 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Xylem were worth $259,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Swedbank AB grew its stake in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock worth $403,953,000 after purchasing an additional 554,609 shares during the period. Mirova US LLC grew its position in Xylem by 2.0% during the second 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 during the period. DekaBank Deutsche Girozentrale increased its holdings in Xylem by 2.2% in the second 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 raised its position in shares of Xylem by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock worth $199,930,000 after acquiring an additional 113,571 shares during the period. Finally, abrdn plc boosted its stake in shares of Xylem by 2.2% during the 3rd quarter. abrdn plc now owns 1,083,405 shares of the industrial products company’s stock worth $145,030,000 after acquiring an additional 23,736 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Down 6.5 %

Shares of NYSE XYL opened at $121.78 on Friday. The stock has a market cap of $29.58 billion, a PE ratio of 38.54, a P/E/G ratio of 2.30 and a beta of 1.04. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $91.42 and a 12-month high of $146.08. The company has a 50-day moving average of $133.41 and a 200 day moving average of $135.28.

Xylem (NYSE:XYL) last posted 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 return on equity of 9.48% and a net margin of 9.11%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the business earned $0.98 earnings per share. The business’s revenue was up 26.0% compared to the same quarter last year. As a group, sell-side analysts predict that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Announces Dividend

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 $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 45.57%.

Wall Street Analysts Forecast Growth

XYL has been the subject of a number of analyst reports. Stifel Nicolaus upped their price target on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. UBS Group began coverage on Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Robert W. Baird lifted their price target on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. 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 research report on Wednesday, July 31st. Finally, TD Cowen reiterated a “hold” rating and issued a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.67.

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.