Cetera Investment Advisers Sells 1,869 Shares of Xylem Inc. (NYSE:XYL)

Cetera Investment Advisers lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 7.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,940 shares of the industrial products company’s stock after selling 1,869 shares during the quarter. Cetera Investment Advisers’ holdings in Xylem were worth $2,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in shares of Xylem by 42.0% during the fourth quarter. Northern Trust Corp now owns 3,268,433 shares of the industrial products company’s stock worth $379,204,000 after purchasing an additional 966,399 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Xylem by 390.5% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,021,337 shares of the industrial products company’s stock valued at $122,009,000 after buying an additional 813,100 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Xylem during the first quarter worth approximately $89,828,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Xylem during the fourth quarter worth approximately $83,139,000. Finally, GAMMA Investing LLC boosted its stake in Xylem by 15,322.5% during the first quarter. GAMMA Investing LLC now owns 506,630 shares of the industrial products company’s stock worth $60,522,000 after buying an additional 503,345 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XYL. Citigroup reaffirmed a “buy” rating and issued a $152.00 price target (up previously from $137.00) on shares of Xylem in a research note on Monday, July 14th. Raymond James Financial upgraded Xylem to a “hold” rating in a report on Thursday, May 15th. JPMorgan Chase & Co. began coverage on Xylem in a report on Friday, May 30th. They issued an “overweight” rating and a $148.00 price objective on the stock. Stifel Nicolaus upped their target price on Xylem from $162.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Robert W. Baird decreased their price objective on Xylem from $149.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.57.

Xylem Trading Down 0.4%

NYSE:XYL opened at $143.41 on Wednesday. The company has a market capitalization of $34.91 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 52-week low of $100.47 and a 52-week high of $145.33. The stock has a fifty day simple moving average of $130.18 and a 200-day simple moving average of $124.68.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. Xylem had a return on equity of 10.33% and a net margin of 10.74%. Xylem’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 earnings per share. On average, equities research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.1%. Xylem’s dividend payout ratio (DPR) is presently 41.56%.

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.