Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of Xylem Inc. (NYSE:XYL) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,181 shares of the industrial products company’s stock after selling 2,538 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Xylem were worth $2,830,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Xylem by 2.4% in the second quarter. Vanguard Group Inc. now owns 17,697,791 shares of the industrial products company’s stock valued at $980,989,000 after purchasing an additional 409,920 shares in the last quarter. State Street Corp lifted its holdings in shares of Xylem by 11.5% in the second quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after purchasing an additional 861,484 shares in the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of Xylem by 7.9% in the second quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock valued at $226,441,000 after purchasing an additional 318,756 shares in the last quarter. FMR LLC lifted its holdings in shares of Xylem by 7.7% in the second quarter. FMR LLC now owns 3,239,067 shares of the industrial products company’s stock valued at $179,541,000 after purchasing an additional 232,139 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Xylem by 17.0% in the second quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock valued at $151,210,000 after purchasing an additional 396,854 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.
Shares of Xylem Inc. (XYL) traded up $0.14 during mid-day trading on Wednesday, hitting $67.98. 1,079,899 shares of the stock traded hands, compared to its average volume of 1,206,073. The stock has a market capitalization of $12,351.09, a P/E ratio of 30.03, a PEG ratio of 1.92 and a beta of 1.17. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. Xylem Inc. has a fifty-two week low of $46.67 and a fifty-two week high of $69.88.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.06%. Xylem’s dividend payout ratio (DPR) is 41.86%.
In other news, Director Curtis J. Crawford sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total value of $498,300.00. Following the transaction, the director now directly owns 52,385 shares in the company, valued at approximately $3,480,459.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Colin R. Sabol sold 38,070 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the completion of the transaction, the insider now owns 61,979 shares in the company, valued at $4,078,837.99. The disclosure for this sale can be found here. Insiders have sold a total of 83,270 shares of company stock worth $5,501,312 over the last quarter. 0.75% of the stock is currently owned by insiders.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Wednesday. Oppenheimer boosted their price objective on shares of Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, November 1st. Cowen reaffirmed an “outperform” rating and set a $70.00 price target (up previously from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “hold” rating and set a $65.00 price target on shares of Xylem in a research report on Wednesday, November 1st. Finally, Boenning Scattergood reaffirmed an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $65.17.
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Xylem Company Profile
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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