Los Angeles Capital Management & Equity Research Inc. Reduces Position in Xylem Inc. (XYL)

Los Angeles Capital Management & Equity Research Inc. cut its position in shares of Xylem Inc. (NYSE:XYL) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,528 shares of the industrial products company’s stock after selling 6,145 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.10% of Xylem worth $11,494,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of XYL. USS Investment Management Ltd bought a new stake in shares of Xylem in the 2nd quarter valued at approximately $91,840,000. Janus Henderson Group PLC lifted its stake in shares of Xylem by 404.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,853,943 shares of the industrial products company’s stock valued at $102,758,000 after purchasing an additional 1,486,463 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Xylem by 554.0% in the 2nd quarter. Voya Investment Management LLC now owns 1,242,748 shares of the industrial products company’s stock valued at $68,886,000 after purchasing an additional 1,052,719 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Xylem in the 2nd quarter valued at approximately $48,151,000. Finally, State Street Corp lifted its stake in shares of Xylem by 11.5% in the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after purchasing an additional 861,484 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

In other news, insider Colin R. Sabol sold 38,070 shares of Xylem stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total value of $2,505,386.70. Following the transaction, the insider now directly owns 61,979 shares in the company, valued at approximately $4,078,837.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven R. Loranger sold 37,700 shares of Xylem stock in a transaction on Monday, November 6th. The shares were sold at an average price of $66.25, for a total value of $2,497,625.00. Following the completion of the transaction, the director now owns 58,831 shares in the company, valued at $3,897,553.75. The disclosure for this sale can be found here. Insiders sold a total of 83,270 shares of company stock worth $5,501,312 over the last quarter. Company insiders own 0.75% of the company’s stock.

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Several equities research analysts have recently issued reports on the company. Seaport Global Securities reaffirmed a “buy” rating on shares of Xylem in a research note on Wednesday, November 1st. Canaccord Genuity reiterated a “hold” rating and issued a $65.00 price target on shares of Xylem in a report on Wednesday, November 1st. Oppenheimer Holdings, Inc. increased their price target on Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. BMO Capital Markets increased their price target on Xylem from $74.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $63.00 price target on shares of Xylem in a report on Friday, October 13th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $65.17.

Xylem Inc. (XYL) opened at $66.42 on Friday. Xylem Inc. has a fifty-two week low of $46.67 and a fifty-two week high of $67.64. The stock has a market capitalization of $11,920.00, a price-to-earnings ratio of 28.97, a PEG ratio of 1.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.26.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $0.54 EPS. The business’s revenue was up 33.2% compared to the same quarter last year. sell-side analysts anticipate that Xylem Inc. will post 2.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.08%. Xylem’s dividend payout ratio is presently 41.86%.

Xylem Company Profile

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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