Keybank National Association OH lowered its holdings in shares of Xylem Inc. (NYSE:XYL) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,697 shares of the industrial products company’s stock after selling 2,173 shares during the quarter. Keybank National Association OH’s holdings in Xylem were worth $2,298,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Harfst & Associates Inc. raised its holdings in shares of Xylem by 26.1% during the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 503 shares during the last quarter. CENTRAL TRUST Co raised its holdings in shares of Xylem by 160.3% during the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock valued at $146,000 after acquiring an additional 1,635 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Xylem during the second quarter valued at approximately $168,000. Federated Investors Inc. PA raised its holdings in shares of Xylem by 5.8% during the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock valued at $182,000 after acquiring an additional 181 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of Xylem by 0.7% during the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 25 shares during the last quarter. 86.49% of the stock is owned by institutional investors and hedge funds.
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Xylem Inc. (XYL) opened at $66.25 on Friday. Xylem Inc. has a 52-week low of $46.67 and a 52-week high of $67.64. The company has a market capitalization of $11,903.89, a price-to-earnings ratio of 28.94, a PEG ratio of 1.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.76.
Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 33.2% on a year-over-year basis. equities research analysts predict that Xylem Inc. will post 2.39 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.09%. Xylem’s dividend payout ratio is currently 41.86%.
A number of equities analysts have commented on XYL shares. Stifel Nicolaus reissued a “hold” rating and set a $60.00 target price on shares of Xylem in a report on Friday, July 14th. Canaccord Genuity reaffirmed a “hold” rating and issued a $50.00 price target on shares of Xylem in a report on Friday, July 28th. BidaskClub cut Xylem from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $66.00 price target (up previously from $60.00) on shares of Xylem in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada increased their price target on Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Xylem presently has an average rating of “Buy” and a consensus price target of $65.17.
In other news, Director Steven R. Loranger sold 37,700 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $66.25, for a total transaction of $2,497,625.00. Following the completion of the transaction, the director now directly owns 58,831 shares in the company, valued at $3,897,553.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Colin R. Sabol sold 38,070 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total value of $2,505,386.70. Following the transaction, the insider now owns 61,979 shares of the company’s stock, valued at $4,078,837.99. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.
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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