Parametric Portfolio Associates LLC grew its stake in Xylem Inc (NYSE:XYL) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 378,343 shares of the industrial products company’s stock after acquiring an additional 28,679 shares during the period. Parametric Portfolio Associates LLC owned 0.21% of Xylem worth $23,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in XYL. Schwab Charles Investment Management Inc. raised its stake in shares of Xylem by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 785,143 shares of the industrial products company’s stock worth $43,521,000 after acquiring an additional 34,064 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Xylem by 3.5% during the second quarter. Legal & General Group Plc now owns 889,817 shares of the industrial products company’s stock worth $49,322,000 after buying an additional 30,460 shares during the last quarter. Federated Investors Inc. PA raised its stake in shares of Xylem by 5.8% during the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock worth $182,000 after buying an additional 181 shares during the last quarter. GAM Holding AG raised its stake in shares of Xylem by 6.6% during the second quarter. GAM Holding AG now owns 20,091 shares of the industrial products company’s stock worth $1,114,000 after buying an additional 1,248 shares during the last quarter. Finally, Aviva PLC raised its stake in shares of Xylem by 1.2% during the second quarter. Aviva PLC now owns 112,110 shares of the industrial products company’s stock worth $6,214,000 after buying an additional 1,280 shares during the last quarter. 85.09% of the stock is owned by institutional investors.

In other Xylem news, Director Steven R. Loranger sold 37,700 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $66.25, for a total value of $2,497,625.00. Following the completion of the sale, the director now owns 58,831 shares of the company’s stock, valued at $3,897,553.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Colin R. Sabol sold 38,070 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the completion of the sale, the insider now directly owns 61,979 shares of the company’s stock, valued at approximately $4,078,837.99. The disclosure for this sale can be found here. Insiders sold 150,777 shares of company stock valued at $10,097,757 in the last ninety days. Insiders own 0.75% of the company’s stock.

Shares of Xylem Inc (XYL) opened at $67.58 on Tuesday. Xylem Inc has a 12 month low of $46.67 and a 12 month high of $69.88. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. The company has a market cap of $12,140.00, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 1.89 and a beta of 1.17.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 33.2% on a year-over-year basis. equities research analysts forecast that Xylem Inc will post 2.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Wednesday, November 1st. Xylem’s payout ratio is presently 41.86%.

XYL has been the subject of a number of recent research reports. Seaport Global Securities reissued a “buy” rating on shares of Xylem in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Thursday, October 5th. Oppenheimer reissued a “buy” rating on shares of Xylem in a research note on Tuesday, October 31st. Cowen reissued a “buy” rating and set a $70.00 price target on shares of Xylem in a research note on Thursday, September 21st. Finally, Boenning Scattergood reissued a “buy” rating on shares of Xylem in a research note on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $65.17.

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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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