Xylem Inc. (NYSE:XYL) Shares Sold by Quest Partners LLC

Quest Partners LLC cut its position in shares of Xylem Inc. (NYSE:XYL) by 85.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,482 shares of the industrial products company’s stock after selling 8,556 shares during the quarter. Quest Partners LLC’s holdings in Xylem were worth $200,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XYL. EverSource Wealth Advisors LLC boosted its stake in shares of Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Bangor Savings Bank increased its stake in shares of Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in Xylem in the 2nd quarter worth about $33,000. Blue Trust Inc. boosted its position in Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 249 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 311 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on XYL shares. UBS Group assumed 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. Stifel Nicolaus upped their price objective on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen dropped their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Robert W. Baird reduced their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Royal Bank of Canada lowered their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Xylem has a consensus rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Trading Up 0.9 %

XYL opened at $125.60 on Thursday. The firm has a market capitalization of $30.51 billion, a price-to-earnings ratio of 37.04, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The company’s 50 day simple moving average is $129.89 and its two-hundred day simple moving average is $134.00. Xylem Inc. has a 1-year low of $102.63 and a 1-year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. Analysts expect that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.15%. Xylem’s payout ratio is 42.11%.

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.