Xylem Inc. (NYSE:XYL) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC decreased its position in Xylem Inc. (NYSE:XYL - Free Report) by 74.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,213 shares of the industrial products company's stock after selling 105,128 shares during the quarter. Verition Fund Management LLC's holdings in Xylem were worth $4,890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. City Holding Co. raised its holdings in Xylem by 3.8% in the 3rd quarter. City Holding Co. now owns 2,071 shares of the industrial products company's stock worth $280,000 after purchasing an additional 75 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 buying an additional 77 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in shares of Xylem by 0.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,070 shares of the industrial products company's stock worth $1,225,000 after acquiring an additional 78 shares during the period. Addison Advisors LLC lifted its stake in shares of Xylem by 5.8% in the 2nd 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 period. Finally, Bangor Savings Bank grew its stake in Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after purchasing an additional 85 shares during the period. 87.96% of the stock is owned by institutional investors.

Xylem Stock Up 0.5 %

Xylem stock traded up $0.67 during midday trading on Tuesday, hitting $127.68. 1,050,735 shares of the company's stock were exchanged, compared to its average volume of 1,232,497. The firm has a 50-day moving average of $129.22 and a two-hundred day moving average of $133.54. Xylem Inc. has a 12 month low of $104.95 and a 12 month high of $146.08. The company has a market cap of $31.02 billion, a PE ratio of 37.38, a P/E/G ratio of 2.34 and a beta of 1.05. 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 issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The company's quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders 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 annualized dividend and a dividend yield of 1.13%. Xylem's payout ratio is currently 42.11%.

Analyst Upgrades and Downgrades

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

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.