Russell Investments Group Ltd. Sells 22,329 Shares of Xylem Inc. (NYSE:XYL)

Russell Investments Group Ltd. decreased its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 356,091 shares of the industrial products company's stock after selling 22,329 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of Xylem worth $42,537,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Northern Trust Corp lifted its stake in Xylem by 42.0% during the fourth 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 last quarter. Nuveen LLC bought a new stake in Xylem during the first quarter worth about $99,726,000. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Xylem by 390.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company's stock worth $122,009,000 after purchasing an additional 813,100 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Xylem during the first quarter worth about $89,828,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Xylem during the fourth quarter worth about $83,139,000. Institutional investors own 87.96% of the company's stock.

Xylem Stock Down 1.2%

Shares of NYSE:XYL opened at $141.87 on Friday. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $145.33. The company has a market cap of $34.53 billion, a PE ratio of 36.85, a P/E/G ratio of 2.49 and a beta of 1.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.43. The stock's 50-day moving average is $132.54 and its 200 day moving average is $125.70.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the business earned $1.09 EPS. Xylem's revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Xylem's dividend payout ratio (DPR) is 41.56%.

Analyst Ratings Changes

Several equities research analysts have issued reports on XYL shares. Royal Bank Of Canada lifted their price target on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. assumed coverage on Xylem in a research note on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price for the company. UBS Group boosted their target price on Xylem from $164.00 to $168.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Robert W. Baird lowered their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised Xylem from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $151.57.

About Xylem

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.

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