Baillie Gifford & Co. Decreases Stake in Xylem Inc. (NYSE:XYL)

Baillie Gifford & Co. lessened its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,989,574 shares of the industrial products company's stock after selling 195,359 shares during the period. Baillie Gifford & Co. owned approximately 0.82% of Xylem worth $268,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings 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 purchasing an additional 77 shares during the last quarter. Bangor Savings Bank raised its stake 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 acquiring an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in Xylem in the 2nd quarter worth $33,000. Blue Trust Inc. raised its stake in shares of Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock worth $35,000 after purchasing an additional 249 shares during the last quarter. Finally, Assetmark Inc. boosted its position in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock valued at $43,000 after buying an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analysts Set New Price Targets

XYL has been the topic of several research reports. TD Cowen cut their price target 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. UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price target on the stock. Robert W. Baird cut 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. Royal Bank of Canada lowered their price objective on Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Stifel Nicolaus upped their price objective on Xylem from $170.00 to $172.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $147.17.

Xylem Trading Up 0.3 %

Shares of NYSE:XYL traded up $0.43 during midday trading on Tuesday, reaching $125.06. 1,222,954 shares of the company's stock were exchanged, compared to its average volume of 1,192,018. The firm's 50 day simple moving average is $131.21 and its two-hundred day simple moving average is $134.99. 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 $30.38 billion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 2.29 and a beta of 1.05. Xylem Inc. has a fifty-two week low of $98.21 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. As a group, sell-side analysts forecast that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, August 29th. Xylem's payout ratio is 42.11%.

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.