Impax Asset Management Group plc Sells 725,164 Shares of Xylem Inc. (NYSE:XYL)

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

A number of other hedge funds also recently added to or reduced their stakes in the stock. Valley National Advisers Inc. raised its holdings in shares of Xylem by 84.9% during the first quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company's stock valued at $26,000 after buying an additional 101 shares during the last quarter. Perkins Coie Trust Co bought a new stake in Xylem during the 1st quarter valued at $27,000. Lee Danner & Bass Inc. bought a new stake in Xylem during the 4th quarter valued at $30,000. Rialto Wealth Management LLC bought a new stake in shares of Xylem during the fourth quarter valued at about $31,000. Finally, Center for Financial Planning Inc. raised its stake in shares of Xylem by 52.0% during the first quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 91 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

Shares of NYSE XYL traded down $1.37 during midday trading on Monday, reaching $130.91. The company's stock had a trading volume of 1,320,626 shares, compared to its average volume of 1,415,382. 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 50 day moving average price of $126.17 and a 200 day moving average price of $122.24. Xylem Inc. has a one year low of $100.47 and a one year high of $143.50. The company has a market cap of $31.86 billion, a price-to-earnings ratio of 35.19, a price-to-earnings-growth ratio of 2.41 and a beta of 1.12.

Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The firm's revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. On average, equities research analysts expect that Xylem Inc. will post 4.65 EPS for the current 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 issued a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.22%. Xylem's payout ratio is presently 43.01%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on XYL shares. Stifel Nicolaus lifted their price objective on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on shares of Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 price target on the stock. Robert W. Baird dropped 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. Citigroup dropped their target price on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Raymond James Financial raised Xylem to a "hold" rating in a report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $143.71.

Xylem 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.