Healthcare of Ontario Pension Plan Trust Fund Sells 7,784 Shares of Xylem Inc. (NYSE:XYL)

Healthcare of Ontario Pension Plan Trust Fund reduced its position in shares of Xylem Inc. (NYSE:XYL) by 32.7% in the third quarter, HoldingsChannel reports. The firm owned 16,000 shares of the industrial products company’s stock after selling 7,784 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Xylem were worth $2,160,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. City Holding Co. grew its position in Xylem by 3.8% during the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock valued at $280,000 after buying an additional 75 shares during the period. 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 during the last quarter. First Trust Direct Indexing L.P. grew its position in shares of Xylem by 0.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company’s stock valued at $1,225,000 after acquiring an additional 78 shares during the period. Addison Advisors LLC increased its stake in shares of Xylem by 5.8% in the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 82 shares in the last quarter. Finally, Bangor Savings Bank raised its holdings in Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XYL. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Royal Bank of Canada cut their price objective on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. TD Cowen decreased their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Finally, Robert W. Baird lowered their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on 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 %

Xylem stock opened at $126.75 on Monday. Xylem Inc. has a 1 year low of $102.67 and a 1 year high of $146.08. The firm’s 50 day moving average price is $129.37 and its 200-day moving average price is $133.72. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The stock has a market cap of $30.79 billion, a P/E ratio of 37.06, a PEG ratio of 2.33 and a beta of 1.05.

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

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be given a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.14%. Xylem’s dividend payout ratio is currently 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.