Veriti Management LLC cut its position in Xylem Inc. (NYSE:XYL – Get Rating) by 4.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,633 shares of the industrial products company's stock after selling 168 shares during the period. Veriti Management LLC's holdings in Xylem were worth $284,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Xylem by 7.6% in the first quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company's stock worth $1,738,529,000 after buying an additional 1,435,798 shares during the last quarter. BlackRock Inc. raised its holdings in Xylem by 4.0% in the first quarter. BlackRock Inc. now owns 18,774,974 shares of the industrial products company's stock worth $1,600,756,000 after buying an additional 722,396 shares during the last quarter. Invesco Ltd. grew its stake in shares of Xylem by 53.6% in the first quarter. Invesco Ltd. now owns 3,828,177 shares of the industrial products company's stock worth $326,390,000 after acquiring an additional 1,335,241 shares during the period. Bank of America Corp DE grew its stake in shares of Xylem by 3.2% in the first quarter. Bank of America Corp DE now owns 3,192,357 shares of the industrial products company's stock worth $272,181,000 after acquiring an additional 99,861 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Xylem by 399.3% in the first quarter. First Trust Advisors LP now owns 2,951,349 shares of the industrial products company's stock worth $251,632,000 after acquiring an additional 2,360,214 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.
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Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Stifel Nicolaus upgraded shares of Xylem from a "hold" rating to a "buy" rating and lifted their price target for the stock from $90.00 to $94.00 in a research note on Wednesday, July 20th. Northcoast Research assumed coverage on shares of Xylem in a research note on Friday, July 15th. They issued a "neutral" rating for the company. Morgan Stanley reduced their price target on shares of Xylem from $110.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, June 9th. TheStreet upgraded shares of Xylem from a "c" rating to a "b-" rating in a research note on Thursday, August 11th. Finally, Credit Suisse Group upgraded shares of Xylem from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $77.00 to $96.00 in a research report on Wednesday, August 3rd. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Xylem presently has a consensus rating of "Hold" and a consensus target price of $101.64.
Xylem Stock Performance
XYL opened at $88.09 on Friday. The firm has a market cap of $15.87 billion, a P/E ratio of 37.97, a PEG ratio of 2.84 and a beta of 1.10. Xylem Inc. has a 1-year low of $72.08 and a 1-year high of $134.29. The company has a 50 day simple moving average of $94.42 and a two-hundred day simple moving average of $86.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.63 and a quick ratio of 1.19.
Xylem (NYSE:XYL – Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.12. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. Xylem had a net margin of 8.06% and a return on equity of 13.66%. The company's revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. Equities analysts forecast that Xylem Inc. will post 2.6 earnings per share for the current fiscal year.
Xylem Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Wednesday, August 31st. Xylem's dividend payout ratio (DPR) is presently 51.72%.
Insider Transactions at Xylem
In other news, Director Victoria D. Harker sold 5,000 shares of the business's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $100.26, for a total value of $501,300.00. Following the transaction, the director now owns 21,099 shares of the company's stock, valued at $2,115,385.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jeanne Beliveau-Dunn sold 600 shares of the company's stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $96.65, for a total transaction of $57,990.00. Following the sale, the director now owns 7,553 shares of the company's stock, valued at $729,997.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Victoria D. Harker sold 5,000 shares of the company's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $100.26, for a total transaction of $501,300.00. Following the sale, the director now directly owns 21,099 shares in the company, valued at approximately $2,115,385.74. The disclosure for this sale can be found here. Insiders own 0.89% of the company's stock.
Xylem Company Profile
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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.
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