Schwab Charles Investment Management Inc. Acquires 34,064 Shares of Xylem Inc. (XYL)

Schwab Charles Investment Management Inc. raised its holdings in shares of Xylem Inc. (NYSE:XYL) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 785,143 shares of the industrial products company’s stock after purchasing an additional 34,064 shares during the period. Schwab Charles Investment Management Inc. owned about 0.44% of Xylem worth $43,521,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Xylem by 3.7% during the first quarter. Vanguard Group Inc. now owns 17,287,871 shares of the industrial products company’s stock valued at $868,197,000 after purchasing an additional 619,368 shares during the last quarter. BlackRock Inc. increased its stake in Xylem by 2,452.8% during the first quarter. BlackRock Inc. now owns 12,042,342 shares of the industrial products company’s stock valued at $604,765,000 after purchasing an additional 11,570,613 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in Xylem by 7.9% during the second quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock valued at $226,441,000 after purchasing an additional 318,756 shares during the last quarter. Janus Capital Management LLC increased its stake in Xylem by 3.5% during the first quarter. Janus Capital Management LLC now owns 2,563,661 shares of the industrial products company’s stock valued at $128,747,000 after purchasing an additional 86,938 shares during the last quarter. Finally, Impax Asset Management LTD increased its stake in Xylem by 24.5% during the first quarter. Impax Asset Management LTD now owns 2,404,602 shares of the industrial products company’s stock valued at $120,758,000 after purchasing an additional 472,504 shares during the last quarter. Hedge funds and other institutional investors own 86.48% of the company’s stock.

Several analysts have weighed in on the stock. Cowen and Company reiterated an “outperform” rating and set a $70.00 target price (up previously from $60.00) on shares of Xylem in a research note on Wednesday, August 9th. Boenning Scattergood reiterated an “outperform” rating on shares of Xylem in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Xylem in a research note on Monday, May 22nd. Royal Bank Of Canada boosted their target price on shares of Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $52.00 target price 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 assigned a buy rating to the stock. Xylem presently has a consensus rating of “Buy” and an average target price of $59.67.

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In other news, Director Steven R. Loranger sold 66,132 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the sale, the director now directly owns 65,030 shares in the company, valued at $3,577,300.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kenneth Napolitano sold 9,052 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the completion of the sale, the insider now owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Xylem Inc. (NYSE:XYL) opened at 62.78 on Monday. The stock’s 50 day moving average is $59.74 and its 200 day moving average is $53.63. Xylem Inc. has a 52-week low of $45.60 and a 52-week high of $63.15. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 40.53 and a beta of 1.17.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. On average, analysts predict that Xylem Inc. will post $2.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.72 annualized dividend and a yield of 1.15%. Xylem’s dividend payout ratio is currently 46.45%.

Xylem 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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