Texas Permanent School Fund Sells 1,165 Shares of Xylem Inc (NYSE:XYL)

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Texas Permanent School Fund lessened its stake in Xylem Inc (NYSE:XYL) by 3.4% in the third quarter, HoldingsChannel reports. The fund owned 33,535 shares of the industrial products company’s stock after selling 1,165 shares during the period. Texas Permanent School Fund’s holdings in Xylem were worth $2,670,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in Xylem by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 19,677 shares of the industrial products company’s stock valued at $1,567,000 after purchasing an additional 120 shares during the last quarter. CWM LLC raised its position in Xylem by 19.7% during the 2nd quarter. CWM LLC now owns 807 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 133 shares during the last quarter. Huntington National Bank raised its position in Xylem by 2.2% during the 2nd quarter. Huntington National Bank now owns 6,921 shares of the industrial products company’s stock valued at $579,000 after purchasing an additional 147 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position in Xylem by 3.1% during the 2nd quarter. Compagnie Lombard Odier SCmA now owns 5,360 shares of the industrial products company’s stock valued at $448,000 after purchasing an additional 160 shares during the last quarter. Finally, King Luther Capital Management Corp raised its position in Xylem by 5.1% during the 2nd quarter. King Luther Capital Management Corp now owns 3,451 shares of the industrial products company’s stock valued at $289,000 after purchasing an additional 166 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

XYL stock opened at $77.32 on Friday. Xylem Inc has a fifty-two week low of $60.65 and a fifty-two week high of $85.67. The business’s 50 day moving average price is $78.72 and its two-hundred day moving average price is $78.91. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.15 and a current ratio of 1.55. The company has a market capitalization of $14.35 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.60 and a beta of 1.18.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.82. Xylem had a return on equity of 19.14% and a net margin of 9.65%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts forecast that Xylem Inc will post 3.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.24%. Xylem’s dividend payout ratio (DPR) is 33.33%.

XYL has been the subject of a number of recent analyst reports. ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Cfra downgraded Xylem from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Zacks Investment Research downgraded Xylem from a “hold” rating to a “sell” rating and set a $82.00 target price on the stock. in a report on Monday, October 14th. Seaport Global Securities downgraded Xylem from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Royal Bank of Canada set a $79.00 target price on Xylem and gave the stock a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Xylem presently has an average rating of “Hold” and an average target price of $82.30.

In related news, SVP Colin R. Sabol sold 4,099 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $78.37, for a total value of $321,238.63. Following the sale, the senior vice president now owns 33,518 shares in the company, valued at approximately $2,626,805.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Markos I. Tambakeras sold 2,860 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $78.95, for a total value of $225,797.00. Following the completion of the sale, the director now owns 43,530 shares in the company, valued at approximately $3,436,693.50. The disclosure for this sale can be found here. Insiders sold a total of 16,959 shares of company stock worth $1,313,986 in the last 90 days. 0.85% of the stock is currently owned by company insiders.

Xylem Profile

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

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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