Xylem Inc. (NYSE:XYL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in Xylem Inc. (NYSE:XYL - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,376 shares of the industrial products company's stock after selling 2,116 shares during the quarter. Nisa Investment Advisors LLC's holdings in Xylem were worth $7,690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in XYL. Norges Bank bought a new position in Xylem in the 4th quarter worth about $302,734,000. Northern Trust Corp boosted its stake in Xylem by 42.0% in the 4th quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company's stock worth $379,204,000 after purchasing an additional 966,399 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Xylem during the 1st quarter valued at approximately $89,828,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Xylem in the fourth quarter worth $83,139,000. Finally, GAMMA Investing LLC lifted its position 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 worth $60,522,000 after buying an additional 503,345 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Down 0.5%

XYL traded down $0.64 on Friday, hitting $130.96. The company had a trading volume of 1,078,928 shares, compared to its average volume of 1,418,532. The stock has a fifty day moving average price of $126.86 and a 200-day moving average price of $122.47. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $143.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. The stock has a market capitalization of $31.87 billion, a price-to-earnings ratio of 35.20, a P/E/G ratio of 2.40 and a beta of 1.12.

Xylem (NYSE:XYL - Get Free Report) last posted its 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 company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Analysts predict that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Announces Dividend

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

Analysts Set New Price Targets

XYL has been the topic of a number of recent analyst reports. Robert W. Baird reduced their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. initiated coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Royal Bank Of Canada increased their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Stifel Nicolaus raised their price target on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Raymond James Financial upgraded Xylem to a "hold" rating in a research note on Thursday, May 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $143.71.

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.