Blair William & Co. IL Trims Stock Holdings in Xylem Inc. (NYSE:XYL)

Key Points

• Blair William & Co. IL has reduced its holdings in Xylem Inc. by 11.8%, currently owning 41,331 shares valued at approximately $4.94 million.
• Several large investors have increased their stakes in Xylem, with institutional ownership currently at 87.96% of the stock.
• Xylem recently reported earnings of $1.26 per share, exceeding analysts' estimates, with revenue reaching $2.30 billion for the quarter.

Blair William & Co. IL reduced its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 11.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,331 shares of the industrial products company's stock after selling 5,523 shares during the quarter. Blair William & Co. IL's holdings in Xylem were worth $4,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in XYL. Northern Trust Corp increased its stake in Xylem by 42.0% in the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock valued at $379,204,000 after purchasing an additional 966,399 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Xylem by 390.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock valued at $122,009,000 after purchasing an additional 813,100 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Xylem in the first quarter valued at $89,828,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Xylem in the fourth quarter valued at $83,139,000. Finally, GAMMA Investing LLC increased its stake in Xylem by 15,322.5% in the first quarter. GAMMA Investing LLC now owns 506,630 shares of the industrial products company's stock valued at $60,522,000 after purchasing an additional 503,345 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Down 0.1%

Shares of NYSE XYL traded down $0.20 on Thursday, hitting $143.42. The company had a trading volume of 938,246 shares, compared to its average volume of 1,150,179. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $145.33. The business has a 50 day moving average of $130.90 and a two-hundred day moving average of $124.97. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $34.91 billion, a P/E ratio of 37.25, a PEG ratio of 2.49 and a beta of 1.11.

Xylem (NYSE:XYL - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. Xylem had a return on equity of 10.33% and a net margin of 10.74%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The company's revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem's dividend payout ratio is presently 41.56%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Stifel Nicolaus upped their target price on Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. UBS Group upped their price target on Xylem from $164.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. started coverage on Xylem in a research note on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Finally, Robert W. Baird dropped their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $151.57.

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.