OLD National Bancorp IN Sells 937 Shares of Xylem Inc. (NYSE:XYL)

OLD National Bancorp IN lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 24.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,965 shares of the industrial products company’s stock after selling 937 shares during the period. OLD National Bancorp IN’s holdings in Xylem were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Xylem during the fourth quarter valued at approximately $27,000. NBC Securities Inc. bought a new stake in shares of Xylem during the third quarter valued at approximately $38,000. Orion Capital Management LLC bought a new stake in shares of Xylem during the third quarter valued at approximately $48,000. Cary Street Partners Investment Advisory LLC increased its position in Xylem by 117.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 716 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 386 shares during the last quarter. Finally, Gradient Investments LLC increased its position in Xylem by 28.6% in the fourth quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 128 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Insiders Place Their Bets

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

Xylem Stock Down 0.0 %

NYSE:XYL opened at $130.61 on Friday. The firm has a market cap of $31.66 billion, a PE ratio of 48.02, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.76 and a quick ratio of 1.30. The company has a 50-day moving average of $127.44 and a 200 day moving average of $113.34. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $132.23.

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

Xylem Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 21st were issued a $0.36 dividend. The ex-dividend date was Tuesday, February 20th. This is an increase from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. Xylem’s payout ratio is currently 52.94%.

Analysts Set New Price Targets

XYL has been the topic of several research reports. BNP Paribas initiated coverage on shares of Xylem in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price target on the stock. Oppenheimer boosted their price target on shares of Xylem from $133.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Citigroup boosted their price target on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Raymond James upgraded shares of Xylem from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Finally, Robert W. Baird lifted their price objective on shares of Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $138.11.

Xylem 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.