Quest Partners LLC Cuts Stock Holdings in Xylem Inc. (NYSE:XYL)

Quest Partners LLC lessened its holdings in Xylem Inc. (NYSE:XYL) by 85.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,482 shares of the industrial products company’s stock after selling 8,556 shares during the period. Quest Partners LLC’s holdings in Xylem were worth $200,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Bangor Savings Bank boosted its holdings in shares of Xylem by 56.7% in the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after buying an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Xylem in the 2nd quarter worth approximately $33,000. Blue Trust Inc. raised its stake in shares of Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 249 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Xylem by 3,887.5% during the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 311 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on XYL shares. Royal Bank of Canada lowered their target price on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus boosted their target price on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. TD Cowen decreased their price target on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Robert W. Baird lowered their price target on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, UBS Group started coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Price Performance

Shares of NYSE XYL opened at $125.60 on Thursday. Xylem Inc. has a 52 week low of $102.63 and a 52 week high of $146.08. The business’s 50 day moving average price is $129.89 and its 200 day moving average price is $134.00. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm has a market cap of $30.51 billion, a P/E ratio of 37.04, a P/E/G ratio of 2.37 and a beta of 1.05.

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

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, November 26th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.44 annualized dividend and a dividend yield of 1.15%. Xylem’s dividend payout ratio (DPR) is presently 42.11%.

Xylem Company 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.