Rockefeller Capital Management L.P. Reduces Position in Xylem Inc. (NYSE:XYL)

Rockefeller Capital Management L.P. lessened its position in Xylem Inc. (NYSE:XYL - Free Report) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 117,491 shares of the industrial products company's stock after selling 5,536 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Xylem were worth $15,864,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in XYL. City Holding Co. boosted its holdings in shares of Xylem by 3.8% during the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company's stock valued at $280,000 after buying an additional 75 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company's stock worth $25,000 after purchasing an additional 77 shares during the period. First Trust Direct Indexing L.P. increased its stake in shares of Xylem by 0.9% during the third quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company's stock valued at $1,225,000 after purchasing an additional 78 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of Xylem by 5.8% during the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company's stock valued at $202,000 after purchasing an additional 82 shares during the last quarter. Finally, Bangor Savings Bank boosted its position 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 purchasing an additional 85 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Robert W. Baird reduced their price objective on Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Royal Bank of Canada lowered their price target on Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. TD Cowen cut their price objective on shares of Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Finally, UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They set a "buy" rating and a $165.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $149.64.

Xylem Stock Performance

Xylem stock traded up $0.26 during midday trading on Monday, reaching $127.01. 1,418,259 shares of the company traded hands, compared to its average volume of 1,233,280. Xylem Inc. has a 12 month low of $104.95 and a 12 month high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The business has a 50 day moving average of $129.37 and a two-hundred day moving average of $133.65. The firm has a market capitalization of $30.86 billion, a price-to-earnings ratio of 36.87, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05.

Xylem (NYSE:XYL - Get Free Report) last announced 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 business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the business earned $0.99 EPS. The company's quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts predict 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. Shareholders of record on Tuesday, November 26th will be given a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a yield of 1.13%. Xylem's payout ratio is 42.11%.

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.