Xylem Inc. (NYSE:XYL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 8.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 290,876 shares of the industrial products company's stock after selling 27,440 shares during the quarter. Principal Financial Group Inc. owned 0.12% of Xylem worth $39,277,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Swedbank AB boosted its holdings in Xylem by 22.8% in the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock worth $403,953,000 after buying an additional 554,609 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Xylem in the third quarter worth approximately $68,593,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Xylem during the third quarter worth approximately $52,169,000. Champlain Investment Partners LLC raised its stake in Xylem by 17.8% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,657,785 shares of the industrial products company's stock valued at $223,851,000 after purchasing an additional 249,975 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in Xylem by 246.6% in the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company's stock valued at $44,012,000 after purchasing an additional 230,878 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Up 0.5 %

Shares of Xylem stock traded up $0.64 during trading hours on Tuesday, reaching $118.15. 379,348 shares of the company were exchanged, compared to its average volume of 1,250,754. The firm has a market cap of $28.70 billion, a PE ratio of 34.55, a PEG ratio of 2.22 and a beta of 1.05. The stock's fifty day moving average is $125.29 and its 200 day moving average is $131.41. Xylem Inc. has a 1 year low of $109.39 and a 1 year high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96.

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

Xylem Dividend Announcement

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 dividend of $0.36 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.22%. Xylem's payout ratio is currently 42.11%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup raised shares of Xylem from a "neutral" rating to a "buy" rating and upped their target price for the stock from $135.00 to $148.00 in a report on Monday, December 9th. Royal Bank of Canada dropped their price objective on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Wolfe Research reissued a "peer perform" rating on shares of Xylem in a research note on Thursday, December 12th. Stifel Nicolaus lowered their price target on shares of Xylem from $172.00 to $166.00 and set a "buy" rating on the stock in a research report on Wednesday, December 11th. Finally, TD Cowen decreased their price objective on Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $152.20.

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.