Dynamic Technology Lab Private Ltd Reduces Stake in Xylem Inc. (NYSE:XYL)

Dynamic Technology Lab Private Ltd lowered its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 35.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,712 shares of the industrial products company's stock after selling 8,252 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Xylem were worth $1,987,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. California State Teachers Retirement System boosted its holdings in shares of Xylem by 1.4% in the first quarter. California State Teachers Retirement System now owns 393,856 shares of the industrial products company's stock worth $50,902,000 after acquiring an additional 5,477 shares during the period. Cetera Investment Advisers grew its holdings in Xylem by 191.7% during the 1st quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company's stock valued at $3,543,000 after buying an additional 18,014 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of 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 valued at $219,731,000 after buying an additional 137,883 shares during the period. Charles Schwab Investment Management Inc. lifted 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 worth $181,719,000 after buying an additional 5,817 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. boosted its position in shares of Xylem by 28.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 203,262 shares of the industrial products company's stock valued at $27,446,000 after acquiring an additional 44,414 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. TD Cowen reduced their target price on Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research report on Wednesday, November 6th. Robert W. Baird lowered their price target on Xylem from $175.00 to $154.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. UBS Group initiated coverage on Xylem in a report on Tuesday, August 13th. They set a "buy" rating and a $165.00 price objective for the company. Finally, Royal Bank of Canada lowered their target price on shares of 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 issued a buy rating to the company. According to MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and an average target price of $149.64.

Xylem Trading Down 3.1 %

NYSE XYL traded down $4.03 during trading on Tuesday, hitting $124.54. 1,519,750 shares of the company's stock traded hands, compared to its average volume of 1,233,161. The stock has a fifty day moving average of $130.06 and a two-hundred day moving average of $134.13. Xylem Inc. has a 12-month low of $102.42 and a 12-month high of $146.08. The firm has a market cap of $30.26 billion, a P/E ratio of 36.42, a PEG ratio of 2.34 and a beta of 1.05. 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 (NYSE:XYL - Get Free Report) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The company 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%. Xylem's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. As a group, sell-side analysts expect that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, November 26th. 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.