BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in shares of Xylem Inc. (NYSE:XYL) by 20.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 337,089 shares of the industrial products company’s stock after selling 85,000 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.19% of Xylem worth $21,112,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Strs Ohio raised its holdings in shares of Xylem by 6.2% in the second quarter. Strs Ohio now owns 21,049 shares of the industrial products company’s stock worth $1,166,000 after acquiring an additional 1,232 shares during the last quarter. NGAM Advisors L.P. raised its holdings in shares of Xylem by 57.5% in the second quarter. NGAM Advisors L.P. now owns 21,669 shares of the industrial products company’s stock worth $1,201,000 after acquiring an additional 7,911 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Xylem by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after acquiring an additional 58 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Xylem by 0.4% in the second quarter. Retirement Systems of Alabama now owns 87,134 shares of the industrial products company’s stock worth $4,830,000 after acquiring an additional 381 shares during the last quarter. Finally, TD Asset Management Inc. raised its holdings in shares of Xylem by 217.2% in the second quarter. TD Asset Management Inc. now owns 827,314 shares of the industrial products company’s stock worth $45,858,000 after acquiring an additional 566,484 shares during the last quarter. 85.58% of the stock is owned by hedge funds and other institutional investors.

In other Xylem news, Director Steven R. Loranger sold 37,700 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $66.25, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Curtis J. Crawford sold 7,500 shares of the business’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 sale, the director now directly owns 52,385 shares of the company’s stock, valued at approximately $3,480,459.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,270 shares of company stock valued at $5,501,312. Company insiders own 0.75% of the company’s stock.

Shares of Xylem Inc. (XYL) traded up $0.14 during trading hours on Thursday, hitting $67.98. The stock had a trading volume of 1,079,800 shares, compared to its average volume of 1,206,099. The stock has a market capitalization of $12,184.06, a P/E ratio of 29.62, a P/E/G ratio of 1.89 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.76. Xylem Inc. has a twelve month low of $46.67 and a twelve month high of $69.88.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, November 1st. Xylem’s dividend payout ratio is currently 41.86%.

A number of research firms have recently weighed in on XYL. Zacks Investment Research cut Xylem from a “buy” rating to a “hold” rating in a report on Wednesday. Cowen reissued an “outperform” rating and issued a $70.00 price target (up from $60.00) on shares of Xylem in a report on Wednesday, August 9th. Seaport Global Securities reissued a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Canaccord Genuity reissued a “hold” rating and issued a $65.00 price target on shares of Xylem in a report on Wednesday, November 1st. Finally, Robert W. Baird reissued a “hold” rating and issued a $67.00 price target on shares of Xylem in a report on Wednesday, October 4th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Xylem has an average rating of “Buy” and a consensus price target 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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