CenterBook Partners LP Sells 11,777 Shares of Xylem Inc. (NYSE:XYL)

CenterBook Partners LP cut its holdings in shares of Xylem Inc. (NYSE:XYLFree Report) by 53.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,201 shares of the industrial products company’s stock after selling 11,777 shares during the period. CenterBook Partners LP’s holdings in Xylem were worth $1,167,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in XYL. Kestra Private Wealth Services LLC raised its stake in Xylem by 6.8% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,886 shares of the industrial products company’s stock worth $263,000 after acquiring an additional 184 shares during the last quarter. D.A. Davidson & CO. raised its stake in Xylem by 35.1% in the 3rd quarter. D.A. Davidson & CO. now owns 7,030 shares of the industrial products company’s stock worth $640,000 after acquiring an additional 1,825 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Xylem by 13.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,370 shares of the industrial products company’s stock worth $216,000 after acquiring an additional 285 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Xylem by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,245,879 shares of the industrial products company’s stock worth $113,412,000 after acquiring an additional 18,696 shares during the last quarter. Finally, Burney Co. raised its stake in Xylem by 20.4% in the 3rd quarter. Burney Co. now owns 6,445 shares of the industrial products company’s stock worth $587,000 after acquiring an additional 1,090 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XYL. TD Cowen raised their target price on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday. Oppenheimer increased their price target on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Robert W. Baird increased their price target on Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Royal Bank of Canada increased their price target on Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Citigroup increased their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and an average price target of $142.92.

View Our Latest Stock Report on XYL

Xylem Price Performance

Shares of NYSE:XYL traded up $0.45 during trading on Friday, reaching $137.32. 873,936 shares of the company’s stock traded hands, compared to its average volume of 1,441,359. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $146.08. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The firm has a market cap of $33.29 billion, a PE ratio of 48.85, a P/E/G ratio of 2.42 and a beta of 1.07. The company has a 50-day simple moving average of $135.38 and a 200-day simple moving average of $123.07.

Xylem (NYSE:XYLGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the firm posted $0.72 EPS. Xylem’s revenue was up 40.4% compared to the same quarter last year. As a group, analysts predict that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, May 30th. Xylem’s payout ratio is 51.25%.

Insider Buying and Selling

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by insiders.

Xylem Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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