Xylem Inc. (NYSE:XYL) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in Xylem Inc. (NYSE:XYL) by 15.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 203,244 shares of the industrial products company’s stock after selling 36,758 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Xylem were worth $27,444,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Xylem by 105.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,415 shares of the industrial products company’s stock worth $1,863,000 after buying an additional 7,388 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Xylem by 32.5% during the 1st quarter. Empowered Funds LLC now owns 3,828 shares of the industrial products company’s stock worth $495,000 after buying an additional 940 shares during the last quarter. Choate Investment Advisors acquired a new stake in shares of Xylem during the 1st quarter worth approximately $256,000. Williams Jones Wealth Management LLC. acquired a new stake in shares of Xylem during the 1st quarter worth approximately $204,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Xylem by 5.1% during the 1st quarter. QRG Capital Management Inc. now owns 18,473 shares of the industrial products company’s stock worth $2,388,000 after buying an additional 895 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of XYL stock opened at $124.63 on Tuesday. The stock has a market capitalization of $30.28 billion, a PE ratio of 36.44, a P/E/G ratio of 2.29 and a beta of 1.05. The firm has a 50 day moving average of $131.21 and a two-hundred day moving average of $134.99. Xylem Inc. has a 52 week low of $98.21 and a 52 week high of $146.08. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.11. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 EPS. On average, research analysts predict that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.16%. Xylem’s dividend payout ratio (DPR) is currently 42.11%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XYL. Robert W. Baird cut their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Stifel Nicolaus lifted their target price on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada dropped their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. TD Cowen dropped their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Finally, UBS Group initiated coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 target price for the company. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $147.17.

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.