Pacer Advisors Inc. trimmed its position in Xylem Inc (NYSE:XYL) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,473 shares of the industrial products company’s stock after selling 228 shares during the period. Pacer Advisors Inc.’s holdings in Xylem were worth $193,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Farmers & Merchants Investments Inc. grew its stake in Xylem by 0.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 25 shares during the period. National Asset Management Inc. grew its stake in Xylem by 0.5% in the first quarter. National Asset Management Inc. now owns 8,778 shares of the industrial products company’s stock worth $442,000 after purchasing an additional 48 shares during the period. CIBC Asset Management Inc grew its stake in Xylem by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after purchasing an additional 58 shares during the period. Page Arthur B grew its stake in Xylem by 0.5% in the second quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock worth $798,000 after purchasing an additional 70 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Xylem by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 15,560 shares of the industrial products company’s stock worth $862,000 after purchasing an additional 87 shares during the period. 86.48% of the stock is currently owned by institutional investors.
Several brokerages recently weighed in on XYL. Cowen and Company reaffirmed an “outperform” rating and issued a $70.00 price target (up from $60.00) on shares of Xylem in a research note on Wednesday, August 9th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Xylem in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Xylem in a research note on Monday, May 22nd. Royal Bank Of Canada upped their price target on Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $52.00 price target on shares of Xylem in a research note on Thursday, July 6th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $59.67.
Shares of Xylem Inc (NYSE XYL) opened at 63.30 on Friday. Xylem Inc has a 12-month low of $45.60 and a 12-month high of $63.56. The company has a market capitalization of $11.37 billion, a P/E ratio of 40.87 and a beta of 1.17. The firm has a 50-day moving average price of $60.57 and a 200 day moving average price of $54.16.
Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Xylem had a return on equity of 17.20% and a net margin of 8.59%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business posted $0.48 EPS. The business’s revenue was up 24.9% compared to the same quarter last year. On average, equities research analysts predict that Xylem Inc will post $2.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.14%. Xylem’s dividend payout ratio is presently 46.45%.
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In other news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the transaction, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven R. Loranger sold 66,132 shares of Xylem stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the transaction, the director now owns 65,030 shares in the company, valued at $3,577,300.30. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.
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.
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