Providence Capital Advisors LLC lifted its stake in Xylem Inc (NYSE:XYL) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,235 shares of the industrial products company’s stock after purchasing an additional 828 shares during the quarter. Xylem accounts for approximately 1.6% of Providence Capital Advisors LLC’s holdings, making the stock its 15th biggest position. Providence Capital Advisors LLC’s holdings in Xylem were worth $2,696,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Sandy Spring Bank grew its holdings in shares of Xylem by 101.2% during the first quarter. Sandy Spring Bank now owns 338 shares of the industrial products company’s stock valued at $27,000 after buying an additional 170 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Xylem in the 1st quarter worth $30,000. FinTrust Capital Advisors LLC increased its holdings in shares of Xylem by 1,530.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 375 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 352 shares in the last quarter. Private Ocean LLC purchased a new position in shares of Xylem in the second quarter worth $33,000. Finally, BSW Wealth Partners purchased a new position in shares of Xylem in the first quarter worth $45,000. 84.58% of the stock is owned by hedge funds and other institutional investors.
In other Xylem news, insider Kenneth Napolitano sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $75.23, for a total transaction of $376,150.00. Following the completion of the sale, the insider now directly owns 46,228 shares of the company’s stock, valued at $3,477,732.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tomas Brannemo sold 6,683 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $81.90, for a total transaction of $547,337.70. Following the sale, the insider now directly owns 20,161 shares of the company’s stock, valued at $1,651,185.90. The disclosure for this sale can be found here. Insiders sold 23,027 shares of company stock worth $1,864,983 over the last three months. Insiders own 0.85% of the company’s stock.
Shares of NYSE XYL traded up $0.93 during midday trading on Wednesday, hitting $79.28. 810,153 shares of the stock traded hands, compared to its average volume of 579,726. The firm has a 50-day moving average of $77.25 and a two-hundred day moving average of $78.78. The firm has a market capitalization of $14.11 billion, a P/E ratio of 27.53, a PEG ratio of 1.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.08 and a current ratio of 1.47. Xylem Inc has a one year low of $60.65 and a one year high of $85.39.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.79 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. Xylem had a return on equity of 19.23% and a net margin of 10.90%. Xylem’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. Equities analysts forecast that Xylem Inc will post 3.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be given a $0.24 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $0.96 annualized dividend and a yield of 1.21%. Xylem’s payout ratio is 33.33%.
XYL has been the topic of a number of research analyst reports. Credit Suisse Group downgraded Xylem from an “outperform” rating to a “neutral” rating in a report on Friday, August 2nd. Cowen downgraded Xylem from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $75.00 to $72.00 in a report on Tuesday, May 14th. Finally, ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $78.83.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
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