Xylem Inc. (NYSE:XYL) Shares Sold by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership decreased its holdings in Xylem Inc. (NYSE:XYL) by 9.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,486 shares of the industrial products company’s stock after selling 736 shares during the quarter. Xylem accounts for 0.4% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 23rd largest position. Foresight Group Ltd Liability Partnership’s holdings in Xylem were worth $1,011,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of 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 valued at $25,000 after buying an additional 77 shares during the period. Bangor Savings Bank boosted its stake in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Xylem during the 2nd quarter valued at $33,000. Blue Trust Inc. boosted its stake in shares of Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after buying an additional 249 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its stake in shares of Xylem by 170.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

XYL opened at $131.37 on Wednesday. The firm has a market capitalization of $31.91 billion, a P/E ratio of 41.57, a price-to-earnings-growth ratio of 2.36 and a beta of 1.04. The stock’s 50 day moving average price is $133.77 and its two-hundred day moving average price is $135.23. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08.

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

Xylem Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on XYL. Royal Bank of Canada raised their target price on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. TD Cowen reissued a “hold” rating and set a $138.00 price objective on shares of Xylem in a report on Tuesday, September 3rd. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. Stifel Nicolaus increased their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird increased their price objective on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.67.

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.