Baillie Gifford & Co. Has $268.65 Million Stock Position in Xylem Inc. (NYSE:XYL)

Baillie Gifford & Co. cut its position in Xylem Inc. (NYSE:XYLFree Report) by 8.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,989,574 shares of the industrial products company’s stock after selling 195,359 shares during the quarter. Baillie Gifford & Co.’s holdings in Xylem were worth $268,652,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. increased its holdings in Xylem by 105.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,415 shares of the industrial products company’s stock valued at $1,863,000 after purchasing an additional 7,388 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Xylem by 32.5% in the first quarter. Empowered Funds LLC now owns 3,828 shares of the industrial products company’s stock valued at $495,000 after buying an additional 940 shares in the last quarter. Choate Investment Advisors bought a new position in shares of Xylem in the first quarter valued at about $256,000. Williams Jones Wealth Management LLC. acquired a new position in Xylem during the 1st quarter worth about $204,000. Finally, QRG Capital Management Inc. grew its holdings in Xylem by 5.1% during the 1st quarter. QRG Capital Management Inc. now owns 18,473 shares of the industrial products company’s stock worth $2,388,000 after acquiring an additional 895 shares during the last quarter. 87.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XYL. Stifel Nicolaus boosted their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird reduced their price objective on Xylem from $175.00 to $154.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. TD Cowen decreased their price objective on Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. UBS Group began coverage on Xylem in a research report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Finally, Royal Bank of Canada cut their price target on Xylem from $163.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. 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.com, Xylem currently has an average rating of “Moderate Buy” and an average target price of $147.17.

View Our Latest Analysis on Xylem

Xylem Stock Up 0.2 %

Shares of NYSE:XYL opened at $124.63 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.96. Xylem Inc. has a 52 week low of $98.21 and a 52 week high of $146.08. The company has a 50 day moving average price of $131.21 and a two-hundred day moving average price of $134.99. The company has a market capitalization of $30.28 billion, a PE ratio of 36.44, a PEG ratio of 2.29 and a beta of 1.05.

Xylem (NYSE:XYLGet Free Report) last posted its earnings results on Thursday, October 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. Analysts forecast that Xylem Inc. will post 4.23 earnings per share for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were given a $0.36 dividend. The ex-dividend date was Thursday, August 29th. This represents a $1.44 annualized dividend and a yield of 1.16%. Xylem’s dividend payout ratio is currently 42.11%.

Xylem Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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