Quantbot Technologies LP Lowers Holdings in Xylem Inc. (NYSE:XYL)

Quantbot Technologies LP reduced its position in shares of Xylem Inc. (NYSE:XYL) by 60.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,099 shares of the industrial products company’s stock after selling 12,390 shares during the period. Quantbot Technologies LP’s holdings in Xylem were worth $1,094,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its stake in Xylem by 12.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 973 shares of the industrial products company’s stock worth $131,000 after buying an additional 108 shares in the last quarter. Boston Family Office LLC lifted its stake in Xylem by 0.3% in the third quarter. Boston Family Office LLC now owns 79,333 shares of the industrial products company’s stock worth $10,712,000 after acquiring an additional 209 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Xylem by 21.3% in the third quarter. Daiwa Securities Group Inc. now owns 95,023 shares of the industrial products company’s stock valued at $12,830,000 after acquiring an additional 16,658 shares in the last quarter. Algert Global LLC increased its position in Xylem by 798.2% during the 3rd quarter. Algert Global LLC now owns 31,481 shares of the industrial products company’s stock valued at $4,251,000 after purchasing an additional 27,976 shares during the period. Finally, Cerity Partners LLC raised its holdings in Xylem by 22.9% in the 3rd quarter. Cerity Partners LLC now owns 115,045 shares of the industrial products company’s stock worth $15,534,000 after purchasing an additional 21,464 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the topic of a number of research reports. Royal Bank of Canada cut their target price 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. TD Cowen reduced their target price on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Robert W. Baird lowered their target price on Xylem from $175.00 to $154.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, UBS Group began coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.64.

Xylem Stock Performance

Shares of Xylem stock opened at $126.75 on Friday. The stock has a market cap of $30.79 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.31 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. Xylem Inc. has a 1 year low of $102.67 and a 1 year high of $146.08. The firm’s 50-day moving average is $129.37 and its 200 day moving average is $133.78.

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

Xylem Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, November 26th. Xylem’s payout ratio 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.