Tredje AP fonden cut its stake in Xylem Inc. (NYSE:XYL) by 86.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,010 shares of the industrial products company’s stock after selling 19,090 shares during the quarter. Tredje AP fonden’s holdings in Xylem were worth $167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Rathbone Brothers plc raised its position in shares of Xylem by 5.9% in the second quarter. Rathbone Brothers plc now owns 49,150 shares of the industrial products company’s stock valued at $2,724,000 after purchasing an additional 2,750 shares during the period. Schroder Investment Management Group increased its position in Xylem by 17.0% during the second quarter. Schroder Investment Management Group now owns 155,573 shares of the industrial products company’s stock worth $8,541,000 after acquiring an additional 22,568 shares during the period. Manchester Capital Management LLC increased its position in Xylem by 0.5% during the second quarter. Manchester Capital Management LLC now owns 14,198 shares of the industrial products company’s stock worth $787,000 after acquiring an additional 76 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in Xylem during the second quarter worth about $10,514,000. Finally, Calamos Advisors LLC increased its position in Xylem by 16.2% during the second quarter. Calamos Advisors LLC now owns 79,837 shares of the industrial products company’s stock worth $4,425,000 after acquiring an additional 11,128 shares during the period. 86.48% of the stock is currently owned by institutional investors.

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A number of equities analysts recently commented on XYL shares. BMO Capital Markets started coverage on shares of Xylem in a research report on Wednesday, June 21st. They set an “outperform” rating and a $60.00 price target on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 price target on shares of Xylem in a research report on Friday, July 28th. BidaskClub raised shares of Xylem from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. set a $58.00 price target on shares of Xylem and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Finally, Boenning Scattergood reissued a “buy” rating and issued a $55.00 target price on shares of Xylem in a report on Wednesday, June 7th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $59.67.

In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the completion of the sale, the insider now owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the sale, the director now directly owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

Shares of Xylem Inc. (NYSE XYL) opened at 63.30 on Friday. The firm has a market capitalization of $11.37 billion, a P/E ratio of 40.87 and a beta of 1.17. The company’s 50-day moving average is $60.57 and its 200 day moving average is $54.16. Xylem Inc. has a 52-week low of $45.60 and a 52-week high of $63.56.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. Xylem’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Analysts expect that Xylem Inc. will post $2.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Thursday, August 31st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, August 29th. Xylem’s dividend payout ratio is currently 46.45%.

Xylem 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.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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