Xylem Inc. $XYL Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in Xylem Inc. (NYSE:XYL) by 1.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,366,117 shares of the industrial products company’s stock after selling 17,104 shares during the period. Bank of New York Mellon Corp owned approximately 0.56% of Xylem worth $201,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in XYL. SJS Investment Consulting Inc. raised its holdings in shares of Xylem by 1,844.4% during the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 166 shares during the period. First Horizon Corp acquired a new stake in Xylem during the third quarter worth about $30,000. Grey Fox Wealth Advisors LLC purchased a new position in Xylem during the third quarter worth about $34,000. Caldwell Trust Co acquired a new position in Xylem in the 2nd quarter valued at about $41,000. Finally, FWL Investment Management LLC acquired a new position in Xylem in the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on shares of Xylem from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Citigroup lifted their target price on Xylem from $173.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada increased their price target on Xylem from $169.00 to $176.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Argus set a $170.00 price objective on shares of Xylem in a report on Wednesday, October 29th. Finally, Wall Street Zen cut shares of Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.80.

Xylem Price Performance

XYL stock opened at $137.89 on Friday. The business’s fifty day moving average price is $139.60 and its 200 day moving average price is $141.74. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $154.27. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $33.57 billion, a PE ratio of 35.45, a P/E/G ratio of 1.96 and a beta of 1.17.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.14. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.22 billion. Xylem had a return on equity of 10.77% and a net margin of 10.66%.Xylem’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.11 EPS. On average, sell-side analysts anticipate that Xylem Inc. will post 4.65 EPS for the current year.

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, November 25th. Xylem’s dividend payout ratio is presently 41.13%.

Insider Transactions at Xylem

In other Xylem news, Director Victoria D. Harker sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total value of $251,838.00. Following the completion of the transaction, the director owned 16,875 shares of the company’s stock, valued at $2,499,862.50. This trade represents a 9.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by company insiders.

Xylem Company Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.