People s United Financial Inc. Has $1.47 Million Stake in Xylem Inc (XYL)

People s United Financial Inc. increased its stake in shares of Xylem Inc (NYSE:XYL) by 10.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,411 shares of the industrial products company’s stock after purchasing an additional 1,811 shares during the quarter. People s United Financial Inc.’s holdings in Xylem were worth $1,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XYL. BlackRock Inc. increased its position in shares of Xylem by 18.4% during the 3rd quarter. BlackRock Inc. now owns 15,644,128 shares of the industrial products company’s stock valued at $1,249,498,000 after purchasing an additional 2,435,404 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Xylem by 38.1% during the 2nd quarter. Janus Henderson Group PLC now owns 3,189,273 shares of the industrial products company’s stock valued at $214,898,000 after purchasing an additional 880,125 shares during the last quarter. TCW Group Inc. increased its position in shares of Xylem by 2,014.0% during the 3rd quarter. TCW Group Inc. now owns 629,983 shares of the industrial products company’s stock valued at $50,317,000 after purchasing an additional 600,183 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Xylem by 553.1% during the 2nd quarter. Renaissance Technologies LLC now owns 442,800 shares of the industrial products company’s stock valued at $29,836,000 after purchasing an additional 375,000 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Xylem by 43.1% during the 2nd quarter. Morgan Stanley now owns 1,175,977 shares of the industrial products company’s stock valued at $79,238,000 after purchasing an additional 354,340 shares during the last quarter. 84.10% of the stock is currently owned by hedge funds and other institutional investors.

In other Xylem news, insider Paul A. Stellato sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $82.00, for a total value of $123,000.00. Following the completion of the sale, the insider now directly owns 12,796 shares in the company, valued at approximately $1,049,272. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul A. Stellato sold 3,000 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $78.63, for a total value of $235,890.00. The disclosure for this sale can be found here. Insiders sold a total of 21,661 shares of company stock valued at $1,755,281 over the last quarter. Company insiders own 0.81% of the company’s stock.

Several brokerages have commented on XYL. Seaport Global Securities set a $80.00 price objective on Xylem and gave the company a “buy” rating in a research report on Wednesday, October 31st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Xylem in a research report on Wednesday, October 31st. Oppenheimer reaffirmed a “buy” rating on shares of Xylem in a research report on Tuesday, October 30th. Cowen reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Xylem in a research report on Friday, October 12th. Finally, ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a research report on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $79.00.

Shares of Xylem stock opened at $65.69 on Friday. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 1.31 and a beta of 1.28. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.07 and a current ratio of 1.49. Xylem Inc has a 52 week low of $63.71 and a 52 week high of $82.44.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.77 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. Xylem had a return on equity of 19.54% and a net margin of 7.75%. Xylem’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS. On average, equities analysts expect that Xylem Inc will post 2.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Thursday, November 1st were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, October 31st. Xylem’s dividend payout ratio is 35.00%.

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About Xylem

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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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