Wellington Management Group LLP Sells 70,898 Shares of Xylem Inc. (NYSE:XYL)

Wellington Management Group LLP trimmed its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 7.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 938,844 shares of the industrial products company's stock after selling 70,898 shares during the period. Wellington Management Group LLP owned approximately 0.39% of Xylem worth $126,772,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Bangor Savings Bank raised its position in Xylem by 56.7% during the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Xylem during the 2nd quarter worth $33,000. Blue Trust Inc. raised its holdings in shares of Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 249 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 311 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in Xylem by 226.0% in the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock worth $46,000 after purchasing an additional 235 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Trading Down 0.6 %

NYSE XYL traded down $0.78 during trading on Tuesday, reaching $128.57. 1,767,304 shares of the stock traded hands, compared to its average volume of 1,235,234. The stock's 50-day moving average price is $128.56 and its 200 day moving average price is $132.93. Xylem Inc. has a fifty-two week low of $106.24 and a fifty-two week high of $146.08. 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 cap of $31.24 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05.

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, meeting the consensus estimate of $1.11. The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. Analysts predict that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.12%. Xylem's payout ratio is presently 42.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on XYL shares. Citigroup upgraded Xylem from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $135.00 to $148.00 in a report on Monday. UBS Group assumed coverage on shares of Xylem in a report on Tuesday, August 13th. They set a "buy" rating and a $165.00 price objective for the company. Royal Bank of Canada lowered their target price 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. TD Cowen cut their target price on shares of Xylem from $138.00 to $125.00 and set a "hold" rating for the company in a research report on Wednesday, November 6th. Finally, Robert W. Baird lowered 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. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.45.

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.