Perpetual Ltd Has $18.35 Million Position in Xylem Inc. (NYSE:XYL)

Perpetual Ltd cut its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 153,614 shares of the industrial products company's stock after selling 7,034 shares during the quarter. Perpetual Ltd owned approximately 0.06% of Xylem worth $18,351,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its holdings in Xylem by 8.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 296,408 shares of the industrial products company's stock valued at $35,409,000 after purchasing an additional 23,717 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Xylem in the first quarter valued at $239,000. Sava Infond d.o.o. raised its holdings in shares of Xylem by 164.3% in the first quarter. Sava Infond d.o.o. now owns 3,700 shares of the industrial products company's stock valued at $442,000 after buying an additional 2,300 shares during the last quarter. Keudell Morrison Wealth Management bought a new position in shares of Xylem in the first quarter valued at about $220,000. Finally, Asset Management One Co. Ltd. lifted its position in Xylem by 5.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 163,059 shares of the industrial products company's stock worth $19,479,000 after buying an additional 7,978 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on XYL shares. Royal Bank Of Canada upped 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. Raymond James Financial upgraded Xylem to a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus lifted their target price on Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Robert W. Baird cut their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. assumed coverage on Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Xylem presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.71.

Xylem Stock Down 1.0%

NYSE:XYL traded down $1.34 on Friday, hitting $128.16. 3,027,206 shares of the company's stock were exchanged, compared to its average volume of 1,410,691. The firm has a 50-day moving average price of $123.69 and a 200-day moving average price of $121.72. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $143.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.41. The company has a market cap of $31.19 billion, a P/E ratio of 34.45, a price-to-earnings-growth ratio of 2.32 and a beta of 1.13.

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

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, May 29th. Xylem's dividend payout ratio is currently 43.01%.

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.