Fiera Capital Corp Cuts Stake in Xylem Inc. (NYSE:XYL)

Fiera Capital Corp cut its position in Xylem Inc. (NYSE:XYL) by 10.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 34,893 shares of the industrial products company’s stock after selling 3,931 shares during the period. Fiera Capital Corp’s holdings in Xylem were worth $3,930,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avalon Trust Co purchased a new position in Xylem in the 1st quarter worth approximately $31,000. Bangor Savings Bank raised its stake in shares of Xylem by 64.7% in the second quarter. Bangor Savings Bank now owns 275 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 108 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of Xylem during the first quarter valued at $32,000. Your Advocates Ltd. LLP purchased a new stake in shares of Xylem during the second quarter valued at $34,000. Finally, Spire Wealth Management increased its holdings in Xylem by 42.7% in the 1st quarter. Spire Wealth Management now owns 331 shares of the industrial products company’s stock worth $35,000 after buying an additional 99 shares in the last quarter. Institutional investors own 84.53% of the company’s stock.

Xylem Trading Up 2.7 %

Xylem stock opened at $101.19 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $118.58. The firm has a market capitalization of $24.39 billion, a price-to-earnings ratio of 41.47, a P/E/G ratio of 2.06 and a beta of 1.06. The firm has a 50 day moving average of $93.11 and a 200 day moving average of $102.03.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.89 by $0.10. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.99 billion. Xylem had a net margin of 7.29% and a return on equity of 10.99%. The company’s revenue was up 52.2% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. As a group, research analysts predict that Xylem Inc. will post 3.75 earnings per share for the current year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, November 20th. Xylem’s dividend payout ratio (DPR) is presently 54.10%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on XYL shares. Melius upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research note on Monday, October 2nd. Oppenheimer upgraded shares of Xylem from a “market perform” rating to an “outperform” rating and set a $118.00 price objective on the stock in a research report on Thursday, October 19th. Citigroup lifted their target price on shares of Xylem from $101.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Seaport Res Ptn reissued a “neutral” rating on shares of Xylem in a report on Tuesday, August 29th. Finally, TheStreet upgraded Xylem from a “c+” rating to a “b-” rating in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.36.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.