Quadrature Capital Ltd Sells 27,163 Shares of Xylem Inc. (NYSE:XYL)

Quadrature Capital Ltd decreased its position in Xylem Inc. (NYSE:XYL - Free Report) by 79.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,833 shares of the industrial products company's stock after selling 27,163 shares during the quarter. Quadrature Capital Ltd's holdings in Xylem were worth $781,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in XYL. Kestra Advisory Services LLC increased its holdings in shares of Xylem by 14.4% during the third quarter. Kestra Advisory Services LLC now owns 7,526 shares of the industrial products company's stock worth $685,000 after buying an additional 949 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in Xylem by 11.1% during the 3rd quarter. Rafferty Asset Management LLC now owns 19,151 shares of the industrial products company's stock valued at $1,743,000 after purchasing an additional 1,915 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Xylem during the 3rd quarter valued at $675,000. Envestnet Asset Management Inc. raised its position in Xylem by 2.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 219,599 shares of the industrial products company's stock valued at $19,990,000 after purchasing an additional 4,562 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Xylem by 11.6% in the third quarter. Nordea Investment Management AB now owns 20,650 shares of the industrial products company's stock worth $1,887,000 after purchasing an additional 2,152 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Trading Down 0.4 %

NYSE XYL traded down $0.56 on Friday, reaching $138.67. The company had a trading volume of 1,699,102 shares, compared to its average volume of 1,228,271. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The stock's 50 day moving average is $137.79 and its 200-day moving average is $125.96. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The stock has a market cap of $33.62 billion, a price-to-earnings ratio of 49.35, a PEG ratio of 2.46 and a beta of 1.07.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. Xylem's revenue was up 40.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. Equities analysts predict that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. Xylem's dividend payout ratio is 51.25%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on XYL. TD Cowen raised their target price on Xylem from $135.00 to $138.00 and gave the company a "buy" rating in a research note on Thursday, June 6th. Mizuho raised their price objective on shares of Xylem from $110.00 to $135.00 and gave the company a "neutral" rating in a research report on Friday, May 3rd. Robert W. Baird boosted their target price on shares of Xylem from $151.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, May 3rd. Argus increased their price target on shares of Xylem from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, May 29th. Finally, Oppenheimer raised their price target on shares of Xylem from $147.00 to $152.00 and gave the company an "outperform" rating in a report on Friday, May 31st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $142.92.

Insider Activity

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the sale, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm's stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the sale, the chief accounting officer now directly owns 3,536 shares in the company, valued at $490,195.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Rodney Aulick sold 21,800 shares of the company's stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the transaction, the senior vice president now directly owns 76,287 shares of the company's stock, valued at $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Xylem 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.