Impax Asset Management Group plc Trims Position in Xylem Inc. (NYSE:XYL)

Impax Asset Management Group plc lessened its stake in Xylem Inc. (NYSE:XYL) by 15.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,661,991 shares of the industrial products company’s stock after selling 309,831 shares during the period. Impax Asset Management Group plc owned 0.68% of Xylem worth $225,416,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in XYL. EverSource Wealth Advisors LLC increased its holdings in shares of Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Xylem by 3.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 79 shares in the last quarter. Waycross Investment Management Co increased its holdings in shares of Xylem by 1.8% during the 2nd quarter. Waycross Investment Management Co now owns 4,895 shares of the industrial products company’s stock valued at $664,000 after purchasing an additional 87 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Xylem by 2.3% in the 1st quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock worth $522,000 after acquiring an additional 90 shares in the last quarter. Finally, Brown Advisory Inc. increased its holdings in Xylem by 1.1% in the 4th quarter. Brown Advisory Inc. now owns 8,203 shares of the industrial products company’s stock worth $938,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the transaction, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Xylem Trading Up 1.1 %

Shares of XYL stock traded up $1.37 on Friday, hitting $129.40. 38,594 shares of the stock traded hands, compared to its average volume of 1,211,085. The firm’s 50-day moving average price is $134.31 and its two-hundred day moving average price is $133.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. The stock has a market capitalization of $31.43 billion, a PE ratio of 45.56, a PEG ratio of 2.27 and a beta of 1.04. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The company’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. As a group, analysts anticipate that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.11%. Xylem’s payout ratio is 51.25%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XYL. UBS Group began coverage on shares of Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price target for the company. Oppenheimer boosted their price target on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Stifel Nicolaus boosted their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. TD Cowen reissued a “hold” rating and issued a $138.00 price target on shares of Xylem in a report on Tuesday. Finally, Robert W. Baird boosted their price target on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $147.54.

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.