MAI Capital Management Buys Shares of 11,370 Xylem Inc (XYL)

MAI Capital Management bought a new stake in shares of Xylem Inc (NYSE:XYL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,370 shares of the industrial products company’s stock, valued at approximately $766,000.

Other hedge funds have also recently made changes to their positions in the company. Perennial Advisors LLC boosted its position in shares of Xylem by 1.9% in the 2nd quarter. Perennial Advisors LLC now owns 36,114 shares of the industrial products company’s stock valued at $2,433,000 after purchasing an additional 681 shares during the period. First Republic Investment Management Inc. boosted its position in shares of Xylem by 1.8% in the 1st quarter. First Republic Investment Management Inc. now owns 40,838 shares of the industrial products company’s stock valued at $3,142,000 after purchasing an additional 724 shares during the period. IFP Advisors Inc boosted its position in shares of Xylem by 3.1% in the 1st quarter. IFP Advisors Inc now owns 23,970 shares of the industrial products company’s stock valued at $1,844,000 after purchasing an additional 729 shares during the period. Stellar Capital Management LLC boosted its position in shares of Xylem by 2.1% in the 2nd quarter. Stellar Capital Management LLC now owns 39,820 shares of the industrial products company’s stock valued at $2,683,000 after purchasing an additional 805 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Xylem by 3.2% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 27,174 shares of the industrial products company’s stock valued at $2,091,000 after purchasing an additional 831 shares during the period. 85.79% of the stock is owned by institutional investors and hedge funds.

In other Xylem news, insider Paul A. Stellato sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $82.00, for a total transaction 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Curtis J. Crawford sold 1,323 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $75.25, for a total value of $99,555.75. Following the sale, the director now owns 40,421 shares of the company’s stock, valued at $3,041,680.25. The disclosure for this sale can be found here. Insiders have sold a total of 49,284 shares of company stock valued at $3,839,982 over the last 90 days. Corporate insiders own 0.81% of the company’s stock.

A number of equities analysts recently weighed in on the company. Canaccord Genuity set a $78.00 price target on Xylem and gave the company a “hold” rating in a research report on Tuesday, July 24th. Raymond James assumed coverage on Xylem in a research report on Wednesday, September 5th. They issued an “outperform” rating and a $90.00 price target for the company. Robert W. Baird reiterated a “hold” rating and issued a $80.00 price target on shares of Xylem in a research report on Wednesday, August 1st. Zacks Investment Research lowered Xylem from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Finally, Stifel Nicolaus increased their price target on Xylem from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Xylem presently has a consensus rating of “Buy” and a consensus target price of $82.82.

Shares of NYSE XYL opened at $81.34 on Thursday. Xylem Inc has a one year low of $62.19 and a one year high of $82.44. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.26. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.43 and a quick ratio of 1.02.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.73 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company posted $0.59 EPS. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. equities analysts expect that Xylem Inc will post 2.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Thursday, August 30th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.03%. Xylem’s payout ratio is presently 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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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