Andra AP fonden lessened its stake in shares of Xylem Inc (NYSE:XYL) by 16.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,800 shares of the industrial products company’s stock after selling 12,500 shares during the period. Andra AP fonden’s holdings in Xylem were worth $4,434,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. MAI Capital Management bought a new position in shares of Xylem in the 2nd quarter valued at $766,000. Bank of Nova Scotia increased its stake in shares of Xylem by 72.3% in the 2nd quarter. Bank of Nova Scotia now owns 39,846 shares of the industrial products company’s stock valued at $2,686,000 after purchasing an additional 16,719 shares during the last quarter. Verition Fund Management LLC increased its stake in shares of Xylem by 20.3% in the 2nd quarter. Verition Fund Management LLC now owns 18,046 shares of the industrial products company’s stock valued at $1,216,000 after purchasing an additional 3,046 shares during the last quarter. Davy Asset Management Ltd bought a new position in shares of Xylem in the 2nd quarter valued at $1,054,000. Finally, Putnam Investments LLC increased its stake in shares of Xylem by 37.4% in the 2nd quarter. Putnam Investments LLC now owns 77,937 shares of the industrial products company’s stock valued at $5,251,000 after purchasing an additional 21,203 shares during the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.
XYL has been the topic of several recent analyst reports. Oppenheimer reiterated a “buy” rating on shares of Xylem in a research note on Tuesday, July 31st. Robert W. Baird reiterated a “hold” rating and issued a $80.00 price target on shares of Xylem in a research note on Wednesday, August 1st. Canaccord Genuity reiterated a “hold” rating and issued a $78.00 price target on shares of Xylem in a research note on Wednesday, August 1st. Stifel Nicolaus lifted their price target on Xylem from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research upgraded Xylem from a “sell” rating to a “hold” rating and set a $84.00 price target on the stock in a research note on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.82.
NYSE XYL opened at $80.14 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.02 and a current ratio of 1.43. Xylem Inc has a twelve month low of $62.19 and a twelve month high of $82.44. The firm has a market cap of $14.38 billion, a P/E ratio of 33.56, a PEG ratio of 1.53 and a beta of 1.26.
Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. Xylem had a return on equity of 19.04% and a net margin of 7.39%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $0.59 EPS. Xylem’s revenue for the quarter was up 13.1% on a year-over-year basis. analysts forecast that Xylem Inc will post 2.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Investors of record on Thursday, August 30th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, August 29th. Xylem’s dividend payout ratio (DPR) is 35.00%.
Xylem Company Profile
Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.
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