Rockefeller Capital Management L.P. Sells 5,536 Shares of Xylem Inc. (NYSE:XYL)

Rockefeller Capital Management L.P. lowered its position in Xylem Inc. (NYSE:XYL) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,491 shares of the industrial products company’s stock after selling 5,536 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Xylem were worth $15,864,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in Xylem by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,345,768 shares of the industrial products company’s stock worth $181,719,000 after purchasing an additional 5,817 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Xylem by 191.7% during the first quarter. Cetera Investment Advisers now owns 27,412 shares of the industrial products company’s stock worth $3,543,000 after buying an additional 18,014 shares during the period. Victory Capital Management Inc. lifted its holdings in Xylem by 9.3% during the third quarter. Victory Capital Management Inc. now owns 1,627,279 shares of the industrial products company’s stock worth $219,731,000 after buying an additional 137,883 shares during the period. Quintet Private Bank Europe S.A. lifted its holdings in Xylem by 28.0% during the third 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 during the period. Finally, Cerity Partners LLC lifted its holdings in Xylem by 22.9% during the third quarter. Cerity Partners LLC now owns 115,045 shares of the industrial products company’s stock worth $15,534,000 after buying an additional 21,464 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on XYL shares. TD Cowen lowered their target price on Xylem from $138.00 to $125.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada lowered their target price on Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. 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 report on Friday, November 1st. Finally, UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $149.64.

Xylem Price Performance

NYSE XYL opened at $126.75 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The stock’s fifty day moving average price is $129.37 and its 200 day moving average price is $133.72. Xylem Inc. has a 1 year low of $102.67 and a 1 year high of $146.08. The company has a market cap of $30.79 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.33 and a beta of 1.05.

Xylem (NYSE:XYL) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm 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 firm’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.14%. The ex-dividend date is Tuesday, November 26th. Xylem’s dividend payout ratio 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.