Impax Asset Management Group plc Has $576.18 Million Position in Xylem Inc. (NYSE:XYL)

Impax Asset Management Group plc cut its stake in Xylem Inc. (NYSE:XYL - Free Report) by 13.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,836,497 shares of the industrial products company's stock after selling 725,164 shares during the period. Xylem comprises about 3.5% of Impax Asset Management Group plc's holdings, making the stock its 3rd largest holding. Impax Asset Management Group plc owned about 1.99% of Xylem worth $576,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley National Advisers Inc. lifted its holdings in shares of Xylem by 84.9% in the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Perkins Coie Trust Co purchased a new stake in shares of Xylem in the 1st quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new position in Xylem in the 4th quarter valued at about $30,000. Rialto Wealth Management LLC acquired a new position in Xylem in the 4th quarter valued at about $31,000. Finally, Center for Financial Planning Inc. increased its position in Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 91 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on XYL shares. Robert W. Baird dropped their price target on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus boosted their target price on Xylem from $140.00 to $141.00 and gave the stock a "buy" 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. Citigroup dropped their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. began coverage on Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and a consensus price target of $143.71.

Xylem Trading Down 0.9%

Shares of Xylem stock traded down $1.24 during trading hours on Monday, reaching $131.04. 731,731 shares of the company's stock were exchanged, compared to its average volume of 1,413,216. The firm has a market capitalization of $31.89 billion, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 2.41 and a beta of 1.12. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $125.86 and a 200-day moving average of $122.14. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $143.50.

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

Xylem Dividend Announcement

The business also recently declared 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. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. Xylem's payout ratio is 43.01%.

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.