MetLife Investment Management LLC Sells 1,516 Shares of Xylem Inc. (NYSE:XYL)

MetLife Investment Management LLC cut its position in shares of Xylem Inc. (NYSE:XYL) by 2.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,133 shares of the industrial products company’s stock after selling 1,516 shares during the quarter. MetLife Investment Management LLC’s holdings in Xylem were worth $8,525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of XYL. Cetera Investment Advisers raised its holdings in shares of Xylem by 191.7% in the first quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock valued at $3,543,000 after purchasing an additional 18,014 shares during the last quarter. Victory Capital Management Inc. grew its position in Xylem by 9.3% in the third quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock valued at $219,731,000 after purchasing an additional 137,883 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Xylem by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock valued at $181,719,000 after buying an additional 5,817 shares during the last quarter. Quintet Private Bank Europe S.A. lifted its position in Xylem by 28.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 203,262 shares of the industrial products company’s stock worth $27,446,000 after buying an additional 44,414 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its holdings in shares of Xylem by 13.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 42,713 shares of the industrial products company’s stock valued at $5,768,000 after acquiring an additional 5,209 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group initiated coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Royal Bank of Canada reduced their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. TD Cowen dropped their price target on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Finally, Robert W. Baird reduced their price objective on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Price Performance

NYSE:XYL opened at $125.61 on Friday. Xylem Inc. has a 52 week low of $102.63 and a 52 week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. The firm’s 50-day simple moving average is $129.75 and its 200 day simple moving average is $133.94. The firm has a market cap of $30.52 billion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 2.31 and a beta of 1.05.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. The company had revenue of $2.10 billion for 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% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share. As a group, sell-side analysts predict that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

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

About Xylem

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.