Mn Services Vermogensbeheer B.V. Sells 2,300 Shares of Xylem Inc. (NYSE:XYL)

Mn Services Vermogensbeheer B.V. cut its stake in Xylem Inc. (NYSE:XYL) by 2.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 92,435 shares of the industrial products company’s stock after selling 2,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Xylem were worth $12,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of 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 period. Bangor Savings Bank grew its stake in shares of Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Xylem in the second quarter valued at about $33,000. Blue Trust Inc. grew its stake in shares of Xylem by 1,185.7% in the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 249 shares in the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new position in shares of Xylem in the second quarter valued at about $47,000. 87.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

XYL has been the topic of several research reports. UBS Group initiated coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. TD Cowen restated a “hold” rating and issued a $138.00 price target on shares of Xylem in a research note on Tuesday, September 3rd. Royal Bank of Canada decreased their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Robert W. Baird decreased their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus increased their price objective on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.25.

Xylem Stock Up 1.2 %

XYL stock opened at $122.28 on Wednesday. The stock has a market capitalization of $29.71 billion, a P/E ratio of 35.75, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $95.35 and a 12 month high of $146.08. The firm has a 50-day moving average price of $132.48 and a 200-day moving average price of $135.20.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. The firm 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 business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 earnings per share. As a group, equities research analysts anticipate that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were issued a $0.36 dividend. The ex-dividend date was Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.18%. Xylem’s dividend payout ratio (DPR) is currently 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.