Asset Management One Co. Ltd. Cuts Stock Holdings in Xylem Inc. (NYSE:XYL)

Asset Management One Co. Ltd. trimmed its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 9.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 147,564 shares of the industrial products company's stock after selling 15,587 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of Xylem worth $19,926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. City Holding Co. increased its position in shares of Xylem by 3.8% during the third 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 during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 77 shares during the period. First Trust Direct Indexing L.P. boosted its position 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 grew its stake in Xylem by 5.8% in the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company's stock worth $202,000 after purchasing an additional 82 shares during the period. Finally, Bangor Savings Bank raised its holdings 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 in the last quarter. Institutional investors own 87.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on XYL shares. Robert W. Baird decreased their target price on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. TD Cowen reduced their price objective on shares of Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research note on Wednesday. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a "buy" rating and a $165.00 target price on the stock. Royal Bank of Canada reduced their price target on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Finally, Stifel Nicolaus upped their price objective on Xylem from $170.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $147.17.

Xylem Stock Performance

Shares of Xylem stock traded up $1.41 during trading hours on Wednesday, reaching $123.67. 1,201,491 shares of the stock traded hands, compared to its average volume of 1,189,324. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $30.05 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 2.23 and a beta of 1.05. The company has a 50 day moving average price of $132.21 and a 200 day moving average price of $135.16. Xylem Inc. has a one year low of $95.35 and a one year high of $146.08.

Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the firm earned $0.99 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Thursday, August 29th. 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.