Hartford Investment Management Co. Reduces Position in Xylem Inc. (NYSE:XYL)

Hartford Investment Management Co. trimmed its position in Xylem Inc. (NYSE:XYL) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,316 shares of the industrial products company’s stock after selling 245 shares during the period. Hartford Investment Management Co.’s holdings in Xylem were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XYL. Commerzbank Aktiengesellschaft FI increased its holdings in Xylem by 4.6% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 86,634 shares of the industrial products company’s stock worth $11,698,000 after buying an additional 3,846 shares during the period. Private Advisor Group LLC increased its stake in shares of Xylem by 24.8% in the third quarter. Private Advisor Group LLC now owns 10,969 shares of the industrial products company’s stock worth $1,481,000 after acquiring an additional 2,180 shares during the period. Eastern Bank purchased a new position in shares of Xylem during the third quarter worth $4,139,000. Signaturefd LLC raised its holdings in shares of Xylem by 16.8% during the third quarter. Signaturefd LLC now owns 5,010 shares of the industrial products company’s stock worth $676,000 after purchasing an additional 720 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Xylem by 6.7% during the third quarter. Sequoia Financial Advisors LLC now owns 258,517 shares of the industrial products company’s stock valued at $34,907,000 after purchasing an additional 16,315 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. TD Cowen reiterated a “hold” rating and set a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Robert W. Baird upped their price objective on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Finally, 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. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average price target of $149.67.

Xylem Stock Down 0.8 %

NYSE XYL opened at $130.65 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The firm has a market cap of $31.73 billion, a PE ratio of 41.34, a P/E/G ratio of 2.31 and a beta of 1.04. The business’s fifty day simple moving average is $133.72 and its 200-day simple moving average is $135.18. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the company earned $0.98 EPS. The company’s quarterly revenue was up 26.0% on a year-over-year basis. As a group, equities analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.10%. Xylem’s payout ratio is currently 45.57%.

About Xylem

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.