Xylem Inc. (NYSE:XYL) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its position in Xylem Inc. (NYSE:XYL) by 27.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 712,966 shares of the industrial products company’s stock after selling 271,361 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.29% of Xylem worth $92,144,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Xylem by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after purchasing an additional 187,847 shares during the period. Baillie Gifford & Co. boosted its position in shares of Xylem by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 3,066,639 shares of the industrial products company’s stock valued at $350,701,000 after purchasing an additional 69,619 shares during the period. Victory Capital Management Inc. raised its stake in Xylem by 0.7% during the 4th quarter. Victory Capital Management Inc. now owns 2,527,487 shares of the industrial products company’s stock valued at $289,043,000 after acquiring an additional 16,713 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Xylem by 5.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,739,221 shares of the industrial products company’s stock valued at $197,800,000 after acquiring an additional 85,438 shares during the last quarter. Finally, Norges Bank purchased a new stake in Xylem during the 4th quarter valued at approximately $198,207,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Xylem

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the sale, the senior vice president now owns 76,287 shares in the company, valued at approximately $10,604,655.87. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the sale, the chief accounting officer now owns 3,536 shares in the company, valued at approximately $490,195.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the sale, the senior vice president now owns 76,287 shares in the company, valued at approximately $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Xylem Price Performance

NYSE XYL traded down $2.26 during mid-day trading on Wednesday, hitting $139.00. The stock had a trading volume of 1,197,995 shares, compared to its average volume of 1,205,403. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The company has a market cap of $33.70 billion, a price-to-earnings ratio of 49.47, a P/E/G ratio of 2.44 and a beta of 1.04. The company has a 50 day simple moving average of $139.13 and a 200 day simple moving average of $129.14. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the business posted $0.72 EPS. Xylem’s quarterly revenue was up 40.4% on a year-over-year basis. Equities analysts forecast that Xylem Inc. will post 4.22 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, May 30th. Xylem’s payout ratio is currently 51.25%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Citigroup upped their price objective on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Robert W. Baird upped their price objective on Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Royal Bank of Canada upped their price objective on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Oppenheimer upped their price objective on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Finally, Argus upped their price objective on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $142.92.

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.