Quantbot Technologies LP Trims Stock Position in Xylem Inc. (NYSE:XYL)

Quantbot Technologies LP cut its stake in Xylem Inc. (NYSE:XYL - Free Report) by 60.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,099 shares of the industrial products company's stock after selling 12,390 shares during the period. Quantbot Technologies LP's holdings in Xylem were worth $1,094,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in XYL. Charles Schwab Investment Management Inc. increased its holdings in shares of Xylem by 0.4% in the 3rd 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 during the period. Cetera Investment Advisers increased its stake in Xylem by 191.7% in the first quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company's stock valued at $3,543,000 after purchasing an additional 18,014 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Xylem by 9.3% in 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 last quarter. Quintet Private Bank Europe S.A. raised its holdings 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 buying an additional 44,414 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of 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 during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

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

Xylem Price Performance

NYSE:XYL traded up $1.14 during trading hours on Friday, reaching $126.75. 1,083,979 shares of the company traded hands, compared to its average volume of 1,673,758. Xylem Inc. has a 1-year low of $102.67 and a 1-year high of $146.08. The stock has a market cap of $30.79 billion, a P/E ratio of 37.06, a P/E/G ratio of 2.33 and a beta of 1.05. The firm's 50-day moving average is $129.37 and its 200-day moving average is $133.72. 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 posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, meeting analysts' consensus estimates of $1.11. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 earnings per share. Equities research analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, November 26th. Xylem's dividend payout ratio is presently 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.