iA Global Asset Management Inc. Has $11.53 Million Stake in Xylem Inc. (NYSE:XYL)

iA Global Asset Management Inc. reduced its position in shares of Xylem Inc. (NYSE:XYL) by 12.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,247 shares of the industrial products company’s stock after selling 12,739 shares during the period. iA Global Asset Management Inc.’s holdings in Xylem were worth $11,534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of XYL. Raymond James Financial Services Advisors Inc. raised its holdings in Xylem by 2.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 24,422 shares of the industrial products company’s stock worth $2,793,000 after acquiring an additional 640 shares in the last quarter. Gradient Investments LLC raised its stake in Xylem by 28.6% in the fourth quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock valued at $66,000 after buying an additional 128 shares during the period. Fifth Third Bancorp raised its stake in Xylem by 6.0% in the fourth quarter. Fifth Third Bancorp now owns 42,211 shares of the industrial products company’s stock valued at $4,827,000 after buying an additional 2,373 shares during the period. AdvisorNet Financial Inc raised its stake in Xylem by 224.8% in the fourth quarter. AdvisorNet Financial Inc now owns 1,059 shares of the industrial products company’s stock valued at $121,000 after buying an additional 733 shares during the period. Finally, Chicago Capital LLC bought a new stake in Xylem in the fourth quarter valued at approximately $254,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Xylem

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was 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 of the company’s stock, valued at approximately $10,604,655.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other 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 value of $315,799.14. Following the completion of the transaction, the chief accounting officer now directly owns 3,536 shares in the company, valued at approximately $490,195.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the senior vice president now owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

XYL has been the topic of several research analyst reports. 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. Robert W. Baird upped their price objective on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada upped their price objective on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday. Oppenheimer upped their target price on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Finally, Mizuho upped their target price on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average target price of $146.08.

Xylem Price Performance

NYSE:XYL traded down $0.17 during trading hours on Thursday, reaching $133.33. 1,533,910 shares of the company were exchanged, compared to its average volume of 1,220,685. The company has a market capitalization of $32.33 billion, a P/E ratio of 47.41, a P/E/G ratio of 2.36 and a beta of 1.04. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.22. The business has a 50 day moving average of $138.22 and a 200 day moving average of $130.90.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company’s revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. Research analysts forecast that Xylem Inc. will post 4.25 EPS for the current year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, May 30th. Xylem’s dividend payout ratio is presently 51.25%.

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.