Principal Financial Group Inc. lessened its holdings in shares of Xylem Inc. (NYSE:XYL) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 500,694 shares of the industrial products company’s stock after selling 14,660 shares during the period. Principal Financial Group Inc. owned about 0.28% of Xylem worth $31,359,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Harfst & Associates Inc. boosted its position in shares of Xylem by 26.1% during the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after buying an additional 503 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Xylem during the second quarter valued at approximately $168,000. Federated Investors Inc. PA boosted its position in shares of Xylem by 5.8% during the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock valued at $182,000 after buying an additional 181 shares during the period. Wesbanco Bank Inc. purchased a new position in shares of Xylem during the third quarter valued at approximately $213,000. Finally, Farmers & Merchants Investments Inc. boosted its position in shares of Xylem by 0.7% during the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock valued at $191,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Xylem Inc. (XYL) opened at $66.42 on Friday. The company has a market cap of $11,929.03, a P/E ratio of 29.00, a P/E/G ratio of 1.85 and a beta of 1.16. Xylem Inc. has a 12 month low of $46.67 and a 12 month high of $67.64. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is 41.86%.

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In other news, Director Steven R. Loranger sold 37,700 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 58,831 shares of the company’s stock, valued at $3,897,553.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Curtis J. Crawford sold 7,500 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $66.44, for a total value of $498,300.00. Following the transaction, the director now directly owns 52,385 shares in the company, valued at $3,480,459.40. The disclosure for this sale can be found here. Insiders sold 83,270 shares of company stock valued at $5,501,312 in the last three months. 0.75% of the stock is currently owned by insiders.

A number of analysts recently issued reports on XYL shares. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Thursday, October 5th. Cowen and Company reiterated a “buy” rating and issued a $70.00 price target on shares of Xylem in a report on Thursday, September 21st. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $66.00 price target (up previously from $60.00) on shares of Xylem in a report on Tuesday, August 1st. Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $63.00 price target on shares of Xylem in a report on Tuesday, September 5th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $65.17.

About Xylem

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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