Forbes J M & Co. LLP Sells 1,031 Shares of Xylem Inc. (NYSE:XYL)

Forbes J M & Co. LLP decreased its holdings in shares of Xylem Inc. (NYSE:XYL) by 1.3% during the third quarter, HoldingsChannel reports. The fund owned 80,951 shares of the industrial products company’s stock after selling 1,031 shares during the quarter. Forbes J M & Co. LLP’s holdings in Xylem were worth $10,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB raised its stake in shares of Xylem by 22.8% during the 3rd quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company’s stock valued at $403,953,000 after purchasing an additional 554,609 shares during the period. Mirova US LLC boosted its stake in Xylem by 2.0% in the 2nd quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after purchasing an additional 36,013 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Xylem by 2.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock valued at $227,364,000 after buying an additional 36,601 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Xylem by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,474,033 shares of the industrial products company’s stock valued at $199,930,000 after buying an additional 113,571 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Xylem by 3.1% in the second quarter. Sei Investments Co. now owns 1,045,023 shares of the industrial products company’s stock worth $141,736,000 after buying an additional 31,709 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on XYL shares. Royal Bank of Canada boosted their price target on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. UBS Group started coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. Robert W. Baird raised their price objective on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. TD Cowen reiterated a “hold” rating and issued a $138.00 target price on shares of Xylem in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus raised their price target on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.67.

Xylem Trading Up 1.0 %

NYSE:XYL traded up $1.27 during mid-day trading on Monday, reaching $131.69. 120,224 shares of the company’s stock traded hands, compared to its average volume of 1,174,812. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The company has a 50 day moving average price of $133.67 and a 200-day moving average price of $135.29. The firm has a market capitalization of $31.99 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 2.30 and a beta of 1.04.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The business’s revenue was up 26.0% compared to the same quarter last year. On average, sell-side analysts predict that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.09%. Xylem’s dividend payout ratio (DPR) is presently 45.57%.

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.