Xylem Inc (XYL) Position Increased by Schroder Investment Management Group

Schroder Investment Management Group boosted its holdings in shares of Xylem Inc (NYSE:XYL) by 14.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 270,668 shares of the industrial products company’s stock after purchasing an additional 34,940 shares during the quarter. Schroder Investment Management Group owned about 0.15% of Xylem worth $21,618,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in XYL. Flagship Harbor Advisors LLC bought a new stake in Xylem during the 2nd quarter valued at approximately $106,000. Fort L.P. bought a new stake in Xylem during the 2nd quarter valued at approximately $118,000. Pendal Group Ltd bought a new stake in Xylem during the 3rd quarter valued at approximately $126,000. Piedmont Investment Advisors LLC bought a new stake in Xylem during the 2nd quarter valued at approximately $139,000. Finally, Envestnet Asset Management Inc. boosted its stake in Xylem by 73.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,523 shares of the industrial products company’s stock valued at $170,000 after purchasing an additional 1,070 shares during the period. Hedge funds and other institutional investors own 85.14% of the company’s stock.

In related news, insider Colin R. Sabol sold 17,161 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $81.37, for a total transaction of $1,396,390.57. Following the completion of the sale, the insider now directly owns 41,988 shares of the company’s stock, valued at approximately $3,416,563.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul A. Stellato sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $82.00, for a total value of $123,000.00. Following the sale, the insider now directly owns 12,796 shares of the company’s stock, valued at $1,049,272. The disclosure for this sale can be found here. Insiders have sold a total of 21,661 shares of company stock valued at $1,755,281 over the last ninety days. Insiders own 0.81% of the company’s stock.

XYL has been the subject of a number of research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $77.00 price objective on shares of Xylem in a research report on Wednesday, October 31st. ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Boenning Scattergood reiterated a “buy” rating and issued a $82.00 price objective on shares of Xylem in a research report on Monday, November 19th. Berenberg Bank initiated coverage on Xylem in a report on Wednesday, October 3rd. They issued a “sell” rating and a $65.00 target price for the company. Finally, Oppenheimer reissued a “buy” rating on shares of Xylem in a report on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $79.00.

Shares of XYL opened at $72.98 on Friday. Xylem Inc has a 1 year low of $63.71 and a 1 year high of $82.44. The company has a quick ratio of 1.07, a current ratio of 1.49 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $13.12 billion, a PE ratio of 26.35, a P/E/G ratio of 1.41 and a beta of 1.24.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.77. Xylem had a return on equity of 19.54% and a net margin of 7.75%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the firm posted $0.65 EPS. Xylem’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts expect that Xylem Inc will post 2.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Thursday, November 1st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.15%. Xylem’s payout ratio is presently 35.00%.

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About Xylem

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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