Virtu Financial LLC Sells 1,475 Shares of Xylem Inc. (NYSE:XYL)

Virtu Financial LLC cut its stake in shares of Xylem Inc. (NYSE:XYL) by 26.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,085 shares of the industrial products company’s stock after selling 1,475 shares during the quarter. Virtu Financial LLC’s holdings in Xylem were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. City Holding Co. grew its holdings in Xylem by 3.8% in the third quarter. City Holding Co. now owns 2,071 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 75 shares during the period. First Trust Direct Indexing L.P. grew its stake in shares of Xylem by 0.9% in 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 buying an additional 78 shares during the period. Addison Advisors LLC increased its position in Xylem by 5.8% in the 2nd quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock valued at $202,000 after buying an additional 82 shares in the last quarter. Bangor Savings Bank raised its stake in Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock worth $32,000 after buying an additional 85 shares during the period. Finally, Angeles Wealth Management LLC boosted its holdings in Xylem by 3.6% in the third quarter. Angeles Wealth Management LLC now owns 2,462 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 86 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of XYL opened at $120.60 on Friday. The stock has a 50 day moving average of $127.72 and a 200 day moving average of $132.45. The company has a market capitalization of $29.30 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 2.22 and a beta of 1.05. Xylem Inc. has a 12 month low of $109.38 and a 12 month high of $146.08. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19.

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

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, November 26th. Xylem’s payout ratio is 42.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup raised Xylem from a “neutral” rating to a “buy” rating and upped their target price for the stock from $135.00 to $148.00 in a research report on Monday, December 9th. Wolfe Research reiterated a “peer perform” rating on shares of Xylem in a report on Thursday. TD Cowen lowered their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus dropped their price target on shares of Xylem from $172.00 to $166.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird decreased their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.20.

Xylem Company 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.