Xylem Inc. (NYSE:XYL) Position Lessened by Impax Asset Management Group plc

Impax Asset Management Group plc lessened its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 13.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,836,497 shares of the industrial products company's stock after selling 725,164 shares during the quarter. Xylem makes up approximately 3.5% of Impax Asset Management Group plc's investment portfolio, making the stock its 3rd largest holding. Impax Asset Management Group plc owned approximately 1.99% of Xylem worth $576,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC bought a new position in shares of Xylem during the 1st quarter worth approximately $694,000. Smartleaf Asset Management LLC boosted its holdings in shares of Xylem by 31.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 575 shares of the industrial products company's stock worth $67,000 after buying an additional 139 shares in the last quarter. Triodos Investment Management BV boosted its holdings in shares of Xylem by 12.7% during the 4th quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company's stock worth $27,149,000 after buying an additional 26,300 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Xylem by 30.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock worth $215,000 after buying an additional 419 shares in the last quarter. Finally, Allianz SE bought a new position in shares of Xylem during the 4th quarter worth approximately $1,910,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Trading Up 0.4%

XYL stock traded up $0.57 during midday trading on Friday, hitting $132.28. The company had a trading volume of 713,729 shares, compared to its average volume of 1,415,764. 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 Inc. has a 52 week low of $100.47 and a 52 week high of $143.50. The stock's 50 day moving average price is $125.86 and its 200 day moving average price is $122.14. The stock has a market cap of $32.19 billion, a price-to-earnings ratio of 35.56, a PEG ratio of 2.41 and a beta of 1.12.

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 for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The business's revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were given a $0.40 dividend. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.21%. Xylem's payout ratio is currently 43.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XYL shares. JPMorgan Chase & Co. initiated coverage on Xylem in a report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target on the stock. Robert W. Baird cut their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Royal Bank Of Canada increased their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Stifel Nicolaus lifted their price objective on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Citigroup decreased their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $143.71.

Xylem Company 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.