BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $5.46 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in Xylem Inc. (NYSE:XYL - Free Report) by 12.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,458 shares of the industrial products company's stock after selling 5,844 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Xylem were worth $5,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Xylem by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company's stock valued at $181,719,000 after acquiring an additional 5,817 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Xylem by 191.7% during the first quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company's stock worth $3,543,000 after buying an additional 18,014 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Xylem by 9.3% during the third quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company's stock worth $219,731,000 after buying an additional 137,883 shares in the last quarter. Cerity Partners LLC boosted its holdings in Xylem by 22.9% during the third quarter. Cerity Partners LLC now owns 115,045 shares of the industrial products company's stock worth $15,534,000 after buying an additional 21,464 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. boosted its holdings in Xylem by 28.0% during the third quarter. Quintet Private Bank Europe S.A. now owns 203,262 shares of the industrial products company's stock worth $27,446,000 after buying an additional 44,414 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Xylem Stock Up 0.5 %

XYL traded up $0.67 during midday trading on Tuesday, hitting $127.68. 1,050,735 shares of the company's stock traded hands, compared to its average volume of 1,232,497. The company has a market cap of $31.02 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05. The stock's fifty day simple moving average is $129.22 and its 200-day simple moving average is $133.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. Xylem Inc. has a one year low of $104.95 and a one year high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The business's quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts anticipate that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.13%. Xylem's dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. UBS Group initiated coverage on shares of Xylem in a research report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price target for the company. TD Cowen lowered their price target on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Robert W. Baird reduced their price objective on Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Finally, Royal Bank of Canada lowered their target price on Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $149.64.

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.