TCW Group Inc. Trims Stock Holdings in Xylem Inc. (NYSE:XYL)

Key Points

• TCW Group Inc. reduced its stake in Xylem Inc. by 0.7% in Q1, owning 347,215 shares valued at approximately $41.48 million after selling 2,579 shares.
• Other institutional investors have increased their holdings in Xylem, with Northern Trust Corp leading with a 42.0% increase in shares during the last quarter.
• Xylem reported an EPS of $1.03 for the latest quarter, exceeding estimates, with revenue of $2.07 billion, reflecting a 1.8% year-over-year growth.

TCW Group Inc. lowered its holdings in Xylem Inc. (NYSE:XYL - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 347,215 shares of the industrial products company's stock after selling 2,579 shares during the quarter. TCW Group Inc. owned approximately 0.14% of Xylem worth $41,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Dempze Nancy E boosted its stake in Xylem by 0.3% during the fourth quarter. Dempze Nancy E now owns 25,761 shares of the industrial products company's stock worth $2,989,000 after acquiring an additional 88 shares in the last quarter. Townsquare Capital LLC boosted its holdings in Xylem by 0.8% in the fourth quarter. Townsquare Capital LLC now owns 11,074 shares of the industrial products company's stock worth $1,285,000 after acquiring an additional 88 shares in the last quarter. Center for Financial Planning Inc. boosted its holdings in Xylem by 52.0% in the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock worth $32,000 after acquiring an additional 91 shares in the last quarter. Keel Point LLC boosted its holdings in Xylem by 4.1% in the fourth quarter. Keel Point LLC now owns 2,371 shares of the industrial products company's stock worth $275,000 after acquiring an additional 93 shares in the last quarter. Finally, SageView Advisory Group LLC raised its stake in shares of Xylem by 3.6% in the fourth quarter. SageView Advisory Group LLC now owns 2,790 shares of the industrial products company's stock worth $324,000 after purchasing an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Xylem Price Performance

Shares of Xylem stock traded up $13.33 during trading hours on Thursday, hitting $143.93. The company's stock had a trading volume of 1,963,112 shares, compared to its average volume of 1,493,242. 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 company has a market cap of $35.02 billion, a PE ratio of 38.65, a PEG ratio of 2.40 and a beta of 1.12. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $144.83. The business has a 50 day moving average price of $128.69 and a two-hundred day moving average price of $123.90.

Xylem (NYSE:XYL - Get Free Report) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.12. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. Analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Thursday, May 29th. Xylem's dividend payout ratio is currently 43.01%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on XYL shares. Raymond James Financial raised Xylem to a "hold" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. initiated coverage on Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 price objective for the company. Royal Bank Of Canada lifted their price objective on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Citigroup reaffirmed a "buy" rating and issued a $152.00 price objective (up previously from $137.00) on shares of Xylem in a report on Monday, July 14th. Finally, Stifel Nicolaus lifted their price objective on Xylem from $141.00 to $162.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $149.29.

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.