First Eagle Investment Management LLC Trims Holdings in Xylem Inc. (XYL)

First Eagle Investment Management LLC trimmed its stake in Xylem Inc. (NYSE:XYL) by 48.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,300 shares of the industrial products company’s stock after selling 18,800 shares during the quarter. First Eagle Investment Management LLC’s holdings in Xylem were worth $1,271,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Teachers Advisors LLC lifted its stake in shares of Xylem by 12.7% in the first quarter. Teachers Advisors LLC now owns 273,420 shares of the industrial products company’s stock valued at $13,731,000 after buying an additional 30,811 shares in the last quarter. Capstone Asset Management Co. lifted its position in shares of Xylem by 1.0% during the second quarter. Capstone Asset Management Co. now owns 18,123 shares of the industrial products company’s stock valued at $1,005,000 after purchasing an additional 184 shares in the last quarter. Creative Planning lifted its position in shares of Xylem by 9.8% during the second quarter. Creative Planning now owns 15,711 shares of the industrial products company’s stock valued at $871,000 after purchasing an additional 1,398 shares in the last quarter. State of Alaska Department of Revenue raised its position in Xylem by 7.9% in the second quarter. State of Alaska Department of Revenue now owns 9,237 shares of the industrial products company’s stock worth $512,000 after acquiring an additional 680 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its position in Xylem by 26.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 195,514 shares of the industrial products company’s stock worth $10,837,000 after acquiring an additional 40,677 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

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Shares of Xylem Inc. (NYSE XYL) traded up $0.31 on Wednesday, hitting $66.34. 610,900 shares of the stock were exchanged, compared to its average volume of 1,240,544. The company has a market cap of $11,858.99, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. Xylem Inc. has a 1 year low of $46.67 and a 1 year high of $67.64.

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

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.09%. Xylem’s dividend payout ratio is currently 41.86%.

Several brokerages have commented on XYL. Canaccord Genuity reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Xylem in a research report on Wednesday, November 1st. Oppenheimer Holdings, Inc. lifted their price objective on shares of Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Cowen and Company reaffirmed an “outperform” rating and issued a $70.00 price objective (up previously from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. BMO Capital Markets lifted their price objective on shares of Xylem from $74.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $63.00 target price on shares of Xylem in a research note on Tuesday, September 5th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Xylem presently has a consensus rating of “Buy” and a consensus price target of $65.17.

In other news, Director Steven R. Loranger sold 37,700 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $66.25, for a total value of $2,497,625.00. Following the transaction, the director now owns 58,831 shares in the company, valued at approximately $3,897,553.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Curtis J. Crawford sold 7,500 shares of the stock in a transaction that occurred 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 owns 52,385 shares in the company, valued at approximately $3,480,459.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,270 shares of company stock worth $5,501,312. Insiders own 0.75% of the company’s stock.

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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