Xylem Inc. (NYSE:XYL) Shares Sold by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership decreased its stake in Xylem Inc. (NYSE:XYL) by 0.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 277,468 shares of the industrial products company’s stock after selling 1,061 shares during the quarter. Xylem accounts for about 1.1% of Prio Wealth Limited Partnership’s investment portfolio, making the stock its 28th largest holding. Prio Wealth Limited Partnership owned 0.11% of Xylem worth $37,466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Park Avenue Securities LLC increased its position in shares of Xylem by 8.0% in the first quarter. Park Avenue Securities LLC now owns 3,114 shares of the industrial products company’s stock worth $402,000 after acquiring an additional 231 shares in the last quarter. Gulf International Bank UK Ltd grew its position in Xylem by 0.6% during the 1st quarter. Gulf International Bank UK Ltd now owns 20,648 shares of the industrial products company’s stock worth $2,668,000 after purchasing an additional 120 shares in the last quarter. &PARTNERS acquired a new stake in Xylem during the 1st quarter valued at $491,000. Salem Investment Counselors Inc. lifted its holdings in shares of Xylem by 25.8% in the first quarter. Salem Investment Counselors Inc. now owns 731 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 150 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in shares of Xylem in the first quarter worth $89,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 0.8 %

Shares of NYSE:XYL traded down $1.03 on Monday, reaching $133.29. The company had a trading volume of 88,842 shares, compared to its average volume of 1,185,503. The stock has a market capitalization of $32.37 billion, a P/E ratio of 42.51, a P/E/G ratio of 2.36 and a beta of 1.04. The stock has a 50-day moving average price of $133.67 and a 200 day moving average price of $135.13. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. On average, equities analysts expect that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is 45.57%.

Analyst Ratings Changes

XYL has been the topic of several recent analyst reports. TD Cowen reissued a “hold” rating and set a $138.00 price target on shares of Xylem in a research report on Tuesday, September 3rd. Robert W. Baird raised their price target on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. Stifel Nicolaus lifted their target price on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada upped their price target on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.67.

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.