TT International Asset Management LTD Cuts Stock Holdings in Xylem Inc. (NYSE:XYL)

TT International Asset Management LTD reduced its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 22.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,794 shares of the industrial products company's stock after selling 5,859 shares during the quarter. TT International Asset Management LTD's holdings in Xylem were worth $2,365,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Covea Finance boosted its stake in shares of Xylem by 28.8% during the 1st quarter. Covea Finance now owns 136,901 shares of the industrial products company's stock worth $16,354,000 after acquiring an additional 30,615 shares in the last quarter. Blue Trust Inc. lifted its stake in Xylem by 25.1% in the 1st quarter. Blue Trust Inc. now owns 539 shares of the industrial products company's stock valued at $64,000 after buying an additional 108 shares in the last quarter. Boston Trust Walden Corp lifted its stake in Xylem by 8.8% in the 1st quarter. Boston Trust Walden Corp now owns 3,718 shares of the industrial products company's stock valued at $444,000 after buying an additional 300 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Xylem by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 28,468 shares of the industrial products company's stock valued at $3,400,000 after buying an additional 765 shares in the last quarter. Finally, Prentiss Smith & Co. Inc. lifted its stake in Xylem by 0.8% in the 1st quarter. Prentiss Smith & Co. Inc. now owns 14,382 shares of the industrial products company's stock valued at $1,718,000 after buying an additional 112 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of XYL stock traded down $0.67 during trading hours on Friday, hitting $124.46. The company's stock had a trading volume of 2,027,333 shares, compared to its average volume of 1,404,344. The business has a fifty day moving average of $122.26 and a 200-day moving average of $121.72. The stock has a market cap of $30.29 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 2.28 and a beta of 1.13. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $143.50. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18.

Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 earnings per share. As a group, equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio is currently 43.01%.

Wall Street Analyst Weigh In

A number of analysts have commented on XYL shares. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Robert W. Baird cut their price objective on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Citigroup cut their price objective on shares of Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank Of Canada increased their price objective on shares of Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Xylem has an average rating of "Moderate Buy" and a consensus target price of $143.71.

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.