Schwab Charles Investment Management Inc. increased its stake in shares of Xylem Inc. (NYSE:XYL) by 6.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 833,389 shares of the industrial products company’s stock after buying an additional 48,246 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.46% of Xylem worth $52,196,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Harfst & Associates Inc. boosted its holdings in shares of Xylem by 26.1% in the 2nd quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 503 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Xylem in the 2nd quarter valued at $168,000. FNY Partners Fund LP boosted its holdings in shares of Xylem by 2,700.0% in 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. Federated Investors Inc. PA boosted its holdings in shares of Xylem by 5.8% in the 2nd quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 181 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in shares of Xylem by 18.3% in the 2nd quarter. Advisor Group Inc. now owns 3,592 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 555 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Xylem from a “buy” rating to a “hold” rating in a report on Wednesday. Seaport Global Securities reaffirmed a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a $65.00 target price on shares of Xylem in a report on Wednesday, November 1st. Oppenheimer raised their target price on Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Finally, BMO Capital Markets raised their target price on Xylem from $74.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $65.17.

Xylem Inc. (XYL) traded down $0.93 during midday trading on Wednesday, hitting $67.84. The company had a trading volume of 738,300 shares, compared to its average volume of 1,206,638. 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 12 month low of $46.67 and a 12 month high of $69.88. The firm has a market cap of $12,351.09, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is 41.86%.

In related news, Director Curtis J. Crawford sold 7,500 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $66.44, for a total transaction of $498,300.00. Following the completion of the transaction, the director now directly owns 52,385 shares of the company’s stock, valued at approximately $3,480,459.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Colin R. Sabol sold 38,070 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total value of $2,505,386.70. Following the transaction, the insider now directly owns 61,979 shares of the company’s stock, valued at $4,078,837.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,270 shares of company stock worth $5,501,312. 0.75% of the stock is currently owned by company insiders.

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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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