William Blair Investment Management LLC Decreases Holdings in Xylem Inc (XYL)

William Blair Investment Management LLC reduced its position in shares of Xylem Inc (NYSE:XYL) by 25.2% in the fourth quarter, HoldingsChannel reports. The firm owned 846,330 shares of the industrial products company’s stock after selling 284,551 shares during the period. William Blair Investment Management LLC’s holdings in Xylem were worth $57,720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Greenleaf Trust boosted its stake in Xylem by 97.4% during the 4th quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 735 shares in the last quarter. Invictus RG bought a new position in Xylem during the 3rd quarter valued at $104,000. Hanson & Doremus Investment Management bought a new position in Xylem during the 4th quarter valued at $126,000. FNY Partners Fund LP boosted its stake in Xylem by 2,700.0% during the 3rd quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,700 shares in the last quarter. Finally, UMB Bank N A MO bought a new position in Xylem during the 4th quarter valued at $205,000. 85.40% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts have recently commented on XYL shares. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Tuesday. ValuEngine upgraded Xylem from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Canaccord Genuity reiterated a “hold” rating and set a $65.00 price objective on shares of Xylem in a research report on Monday, December 11th. Royal Bank of Canada reiterated a “buy” rating and set a $80.00 price objective on shares of Xylem in a research report on Thursday, January 4th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $83.00 price objective on shares of Xylem in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $73.00.

In other news, insider Tomas Brannemo sold 11,716 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $73.45, for a total value of $860,540.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Curtis J. Crawford sold 7,948 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $71.77, for a total value of $570,427.96. Following the completion of the sale, the director now owns 55,245 shares of the company’s stock, valued at approximately $3,964,933.65. The disclosure for this sale can be found here. Insiders sold 21,105 shares of company stock valued at $1,540,907 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Shares of Xylem Inc (NYSE:XYL) opened at $77.38 on Friday. Xylem Inc has a 52-week low of $48.13 and a 52-week high of $79.83. The company has a market capitalization of $14,272.71, a price-to-earnings ratio of 42.05, a PEG ratio of 1.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.41 and a current ratio of 1.88.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS. sell-side analysts forecast that Xylem Inc will post 2.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were issued a $0.21 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.09%. This is a positive change from Xylem’s previous quarterly dividend of $0.18. Xylem’s dividend payout ratio is presently 45.65%.

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Xylem Company 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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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