Keybank National Association OH Sells 26,282 Shares of Xylem Inc. $XYL

Keybank National Association OH trimmed its position in Xylem Inc. (NYSE:XYL) by 17.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,044 shares of the industrial products company’s stock after selling 26,282 shares during the period. Keybank National Association OH owned approximately 0.05% of Xylem worth $18,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in XYL. SJS Investment Consulting Inc. boosted its holdings in Xylem by 1,844.4% in the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 166 shares in the last quarter. First Horizon Corp purchased a new position in shares of Xylem in the 3rd quarter valued at approximately $30,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Xylem in the 3rd quarter valued at approximately $34,000. Caldwell Trust Co acquired a new stake in Xylem in the 2nd quarter worth approximately $41,000. Finally, FWL Investment Management LLC purchased a new stake in Xylem during the 2nd quarter worth approximately $43,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XYL has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Xylem from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. UBS Group raised their target price on Xylem from $168.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Robert W. Baird set a $178.00 price target on Xylem in a research report on Wednesday, October 29th. Royal Bank Of Canada increased their price objective on Xylem from $169.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Barclays reduced their price objective on Xylem from $172.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.80.

Insider Activity

In other news, Director Victoria D. Harker sold 1,700 shares of Xylem stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $148.14, for a total value of $251,838.00. Following the sale, the director owned 16,875 shares in the company, valued at $2,499,862.50. This trade represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by company insiders.

Xylem Stock Performance

Shares of XYL stock opened at $137.89 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. Xylem Inc. has a 12-month low of $100.47 and a 12-month high of $154.27. The business’s 50 day moving average is $139.60 and its two-hundred day moving average is $141.82. The company has a market capitalization of $33.57 billion, a P/E ratio of 35.45, a P/E/G ratio of 1.96 and a beta of 1.17.

Xylem Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, November 25th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, November 25th. Xylem’s dividend payout ratio (DPR) is presently 41.13%.

Xylem Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.