Legal & General Group Plc Purchases 9,606 Shares of Xylem Inc. (XYL)

Legal & General Group Plc boosted its stake in Xylem Inc. (NYSE:XYL) by 1.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 899,423 shares of the industrial products company’s stock after purchasing an additional 9,606 shares during the quarter. Legal & General Group Plc owned about 0.50% of Xylem worth $56,330,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harfst & Associates Inc. increased its holdings in Xylem by 26.1% in the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 503 shares during the last quarter. FNY Partners Fund LP increased its holdings in Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,700 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Xylem in the second quarter valued at about $168,000. Federated Investors Inc. PA increased its holdings in Xylem by 5.8% in the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 181 shares during the last quarter. Finally, Ballentine Partners LLC bought a new stake in Xylem in the third quarter valued at about $210,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Xylem Inc. (NYSE:XYL) traded down $0.93 during trading hours on Wednesday, reaching $67.84. The company’s stock had a trading volume of 738,300 shares, compared to its average volume of 1,206,638. Xylem Inc. has a 1 year low of $46.67 and a 1 year high of $69.88. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $12,351.09, a PE ratio of 30.03, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. The company’s revenue was up 33.2% on a year-over-year basis. equities analysts expect that Xylem Inc. will post 2.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.06%. Xylem’s payout ratio is 41.86%.

A number of research firms recently commented on XYL. Zacks Investment Research downgraded Xylem from a “buy” rating to a “hold” rating in a report on Wednesday. Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Canaccord Genuity reiterated a “hold” rating and issued a $65.00 price objective on shares of Xylem in a report on Wednesday, November 1st. Oppenheimer upped their price objective on Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Finally, BMO Capital Markets upped their price objective on Xylem from $74.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Xylem presently has a consensus rating of “Buy” and a consensus price target of $65.17.

In other Xylem news, Director Steven R. Loranger sold 37,700 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $66.25, for a total value of $2,497,625.00. Following the completion of the transaction, the director now directly owns 58,831 shares of the company’s stock, valued at $3,897,553.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Curtis J. Crawford sold 7,500 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total value of $498,300.00. Following the completion of the transaction, the director now directly owns 52,385 shares of the company’s stock, valued at $3,480,459.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,270 shares of company stock valued at $5,501,312. Insiders own 0.75% of the company’s stock.

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Xylem Company Profile

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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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