Los Angeles Capital Management LLC Reduces Stock Position in Xylem Inc. (NYSE:XYL)

Los Angeles Capital Management LLC lowered its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 47.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,273 shares of the industrial products company's stock after selling 207,854 shares during the period. Los Angeles Capital Management LLC owned approximately 0.09% of Xylem worth $30,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company's stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Bangor Savings Bank raised its holdings in shares of 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 acquired a new stake in shares of Xylem in the 2nd quarter worth about $33,000. Blue Trust Inc. raised its holdings in shares of Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock worth $35,000 after acquiring an additional 249 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after acquiring an additional 311 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on XYL shares. UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 target price on the stock. 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 report on Friday, November 1st. TD Cowen reduced their price objective on shares of 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 reduced their price objective on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Finally, Stifel Nicolaus upped their price objective on shares of 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 assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $147.17.

Xylem Stock Performance

Shares of Xylem stock traded up $0.26 on Monday, reaching $124.63. 1,162,435 shares of the company traded hands, compared to its average volume of 1,191,873. Xylem Inc. has a 52 week low of $98.21 and a 52 week high of $146.08. The company has a 50 day moving average of $131.21 and a 200 day moving average of $134.99. The firm has a market capitalization of $30.28 billion, a PE ratio of 36.44, a PEG ratio of 2.29 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 released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the firm earned $0.99 EPS. The company's revenue was up .2% compared to the same quarter last year. Equities analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Thursday, August 29th. Xylem's dividend payout ratio is currently 42.11%.

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.