Xylem Inc (XYL) Holdings Cut by Russell Investments Group Ltd.

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Russell Investments Group Ltd. cut its position in Xylem Inc (NYSE:XYL) by 81.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 57,358 shares of the industrial products company’s stock after selling 256,117 shares during the period. Russell Investments Group Ltd.’s holdings in Xylem were worth $4,394,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its holdings in Xylem by 0.6% in the first quarter. BlackRock Inc. now owns 14,219,306 shares of the industrial products company’s stock worth $1,093,749,000 after buying an additional 89,246 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Xylem by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 2,027,704 shares of the industrial products company’s stock valued at $138,016,000 after purchasing an additional 106,271 shares during the last quarter. USS Investment Management Ltd raised its holdings in shares of Xylem by 5.4% during the first quarter. USS Investment Management Ltd now owns 1,819,692 shares of the industrial products company’s stock valued at $132,646,000 after purchasing an additional 92,805 shares during the last quarter. KAMES CAPITAL plc raised its holdings in shares of Xylem by 0.4% during the first quarter. KAMES CAPITAL plc now owns 1,102,872 shares of the industrial products company’s stock valued at $84,800,000 after purchasing an additional 4,007 shares during the last quarter. Finally, Eaton Vance Management raised its holdings in shares of Xylem by 16.5% during the first quarter. Eaton Vance Management now owns 900,263 shares of the industrial products company’s stock valued at $69,248,000 after purchasing an additional 127,701 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Shares of Xylem opened at $67.38 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.02. The company has a market cap of $11.95 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.27 and a beta of 1.10. Xylem Inc has a 12-month low of $54.08 and a 12-month high of $79.83.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, May 1st. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. Xylem had a net margin of 7.29% and a return on equity of 18.31%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. equities research analysts anticipate that Xylem Inc will post 2.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 21st. Investors of record on Thursday, May 24th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, May 23rd. This represents a $0.84 annualized dividend and a yield of 1.25%. Xylem’s dividend payout ratio (DPR) is 35.00%.

Several research analysts have recently weighed in on XYL shares. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a report on Saturday, April 7th. Cowen reissued a “buy” rating and set a $80.00 price objective on shares of Xylem in a report on Tuesday, March 6th. Oppenheimer reissued a “buy” rating and set a $82.00 price objective on shares of Xylem in a report on Tuesday, May 1st. Boenning Scattergood reissued a “buy” rating and set a $90.00 price objective on shares of Xylem in a report on Tuesday, May 1st. Finally, Canaccord Genuity set a $78.00 price objective on shares of Xylem and gave the company a “hold” rating in a report on Tuesday, April 24th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Xylem presently has an average rating of “Buy” and a consensus target price of $80.20.

In related news, Director Curtis J. Crawford sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $73.39, for a total transaction of $550,425.00. Following the completion of the sale, the director now directly owns 41,744 shares in the company, valued at $3,063,592.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.81% of the company’s stock.

Xylem Profile

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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