Angeles Investment Advisors LLC Sells 270 Shares of Xylem Inc. (NYSE:XYL)

Angeles Investment Advisors LLC lowered its holdings in shares of Xylem Inc. (NYSE:XYL) by 6.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,060 shares of the industrial products company’s stock after selling 270 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Xylem were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Swedbank AB bought a new position in shares of Xylem during the 1st quarter worth about $311,684,000. LPL Financial LLC increased its holdings in shares of Xylem by 246.6% during the 2nd quarter. LPL Financial LLC now owns 324,504 shares of the industrial products company’s stock worth $44,012,000 after purchasing an additional 230,878 shares during the period. TCW Group Inc. increased its holdings in shares of Xylem by 189.2% during the 2nd quarter. TCW Group Inc. now owns 315,400 shares of the industrial products company’s stock worth $42,778,000 after purchasing an additional 206,350 shares during the period. Marshall Wace LLP increased its holdings in shares of Xylem by 433.0% during the 2nd quarter. Marshall Wace LLP now owns 229,082 shares of the industrial products company’s stock worth $31,070,000 after purchasing an additional 186,105 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in Xylem in the first quarter worth about $23,263,000. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on XYL. Robert W. Baird decreased their price target on shares of Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada reduced their price target on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus lifted their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. TD Cowen reduced their price target on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, UBS Group started coverage on shares of Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.17.

Xylem Price Performance

Shares of NYSE:XYL traded up $0.16 during midday trading on Wednesday, hitting $124.79. The stock had a trading volume of 2,146,111 shares, compared to its average volume of 1,167,897. The company’s 50-day moving average price is $131.09 and its 200-day moving average price is $134.93. The company has a market capitalization of $30.32 billion, a P/E ratio of 36.49, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. Xylem Inc. has a fifty-two week low of $98.21 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.11. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. As a group, equities research analysts predict that Xylem Inc. will post 4.23 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 29th. Xylem’s dividend payout ratio is currently 42.11%.

Xylem 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.