Xylem Inc. (NYSE:XYL) Shares Sold by Lbp Am Sa

LBP AM SA reduced its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 24.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,050 shares of the industrial products company's stock after selling 97,383 shares during the quarter. LBP AM SA owned about 0.13% of Xylem worth $36,680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greenleaf Trust boosted its holdings in shares of Xylem by 5.3% in the first quarter. Greenleaf Trust now owns 7,704 shares of the industrial products company's stock valued at $920,000 after acquiring an additional 387 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in Xylem by 3.6% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 8,153 shares of the industrial products company's stock worth $974,000 after buying an additional 285 shares in the last quarter. Simmons Bank boosted its holdings in Xylem by 137.0% during the first quarter. Simmons Bank now owns 24,098 shares of the industrial products company's stock worth $2,879,000 after buying an additional 13,928 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in Xylem during the first quarter worth about $68,000. Finally, Olde Wealth Management LLC purchased a new stake in Xylem during the first quarter worth about $191,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Trading Up 0.2%

XYL stock traded up $0.24 on Wednesday, hitting $131.65. 892,411 shares of the company were exchanged, compared to its average volume of 1,414,580. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $143.50. The business's fifty day moving average is $126.42 and its two-hundred day moving average is $122.30. The stock has a market capitalization of $32.04 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The firm's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. As a group, research analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. Xylem's dividend payout ratio (DPR) is presently 43.01%.

Wall Street Analyst Weigh In

A number of research firms recently commented on XYL. Stifel Nicolaus boosted their price objective on shares of Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a research report on Thursday, May 15th. Royal Bank Of Canada lifted their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Citigroup cut their target price on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 target price for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $143.71.

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.