Mutual of America Capital Management LLC Has $3.69 Million Holdings in Xylem Inc. (NYSE:XYL)

Mutual of America Capital Management LLC lessened its holdings in shares of Xylem Inc. (NYSE:XYL) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,282 shares of the industrial products company’s stock after selling 1,440 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Xylem were worth $3,692,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Xylem by 5.0% during the 1st quarter. BlackRock Inc. now owns 21,219,246 shares of the industrial products company’s stock worth $2,221,655,000 after purchasing an additional 1,011,317 shares in the last quarter. Vanguard Group Inc. increased its holdings in Xylem by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock worth $1,738,529,000 after purchasing an additional 1,435,798 shares in the last quarter. State Street Corp increased its holdings in Xylem by 1.6% during the 1st quarter. State Street Corp now owns 7,692,045 shares of the industrial products company’s stock worth $805,357,000 after purchasing an additional 121,367 shares in the last quarter. Morgan Stanley increased its holdings in Xylem by 11.5% during the 3rd quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company’s stock worth $412,267,000 after purchasing an additional 466,911 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Xylem by 35.1% during the 3rd quarter. Invesco Ltd. now owns 4,182,821 shares of the industrial products company’s stock worth $380,762,000 after purchasing an additional 1,086,102 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the sale, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the transaction, the senior vice president now owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BNP Paribas assumed coverage on Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price for the company. Royal Bank of Canada raised their price objective on Xylem from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Raymond James upgraded Xylem from an “underperform” rating to a “market perform” rating in a report on Thursday, January 4th. Stifel Nicolaus raised their price objective on Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Citigroup raised their price objective on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.44.

Xylem Trading Up 0.6 %

Shares of XYL stock opened at $128.02 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $130.86. The firm has a 50 day moving average price of $126.79 and a two-hundred day moving average price of $111.91. The company has a market capitalization of $31.03 billion, a PE ratio of 47.07, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. As a group, analysts predict that Xylem Inc. will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Xylem’s previous quarterly dividend of $0.33. The ex-dividend date was Tuesday, February 20th. Xylem’s payout ratio is presently 52.94%.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.