Y Intercept Hong Kong Ltd Has $1.80 Million Stock Position in Xylem Inc. (NYSE:XYL)

Y Intercept Hong Kong Ltd reduced its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 35.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,290 shares of the industrial products company's stock after selling 7,443 shares during the period. Y Intercept Hong Kong Ltd's holdings in Xylem were worth $1,795,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Bangor Savings Bank lifted 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 buying an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in Xylem in the second quarter worth about $33,000. Blue Trust Inc. boosted its stake in Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 249 shares during the period. Assetmark Inc. grew its holdings in shares of Xylem by 3,887.5% during the third 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 grew its holdings in shares of Xylem by 226.0% during the third quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 235 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports 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. UBS Group assumed coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a "buy" rating and a $165.00 price target for the company. 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. Stifel Nicolaus reduced their target price on shares of Xylem from $172.00 to $166.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Citigroup upgraded shares of Xylem from a "neutral" rating to a "buy" rating and raised their price target for the company from $135.00 to $148.00 in a research note on Monday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $149.91.

Xylem Price Performance

NYSE:XYL traded down $5.19 during midday trading on Wednesday, hitting $123.38. 2,268,546 shares of the stock were exchanged, compared to its average volume of 1,239,579. The business has a 50-day moving average price of $128.44 and a two-hundred day moving average price of $132.82. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $29.98 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 2.33 and a beta of 1.05. Xylem Inc. has a one year low of $106.52 and a one year high of $146.08.

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, hitting analysts' consensus estimates of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company 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 business earned $0.99 EPS. The company's quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts predict that Xylem Inc. will post 4.23 EPS for the current year.

Xylem Announces Dividend

The firm 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 $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.17%. Xylem's dividend payout ratio is currently 42.11%.

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.