Xact Kapitalforvaltning AB decreased its stake in Xylem Inc. (NYSE:XYL) by 16.1% during the second quarter, Holdings Channel reports. The institutional investor owned 23,164 shares of the industrial products company’s stock after selling 4,437 shares during the period. Xact Kapitalforvaltning AB’s holdings in Xylem were worth $1,284,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Peoples Financial Services CORP. boosted its stake in shares of Xylem by 3.2% in the first quarter. Peoples Financial Services CORP. now owns 6,463 shares of the industrial products company’s stock valued at $324,000 after buying an additional 200 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Xylem by 4.2% in the first quarter. Bank of America Corp DE now owns 2,251,684 shares of the industrial products company’s stock worth $113,079,000 after buying an additional 91,478 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Xylem by 56.6% in the first quarter. Toronto Dominion Bank now owns 48,431 shares of the industrial products company’s stock worth $2,433,000 after buying an additional 17,497 shares in the last quarter. Asset Planning Services Ltd. boosted its position in shares of Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock worth $106,000 after buying an additional 7 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Xylem by 23.1% in the fourth quarter. Teachers Advisors LLC now owns 242,609 shares of the industrial products company’s stock worth $12,014,000 after buying an additional 45,505 shares in the last quarter. Institutional investors own 85.51% of the company’s stock.
Xylem Inc. (NYSE:XYL) opened at 56.10 on Monday. The company has a market cap of $10.08 billion, a price-to-earnings ratio of 40.36 and a beta of 1.18. The firm has a 50-day moving average of $53.05 and a 200-day moving average of $50.40. Xylem Inc. has a 52 week low of $45.60 and a 52 week high of $56.18.
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Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Xylem had a net margin of 6.75% and a return on equity of 15.53%. The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. Equities analysts forecast that Xylem Inc. will post $2.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Thursday, May 25th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, May 23rd. Xylem’s dividend payout ratio (DPR) is 50.35%.
XYL has been the subject of a number of analyst reports. Cowen and Company boosted their price objective on shares of Xylem from $56.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, March 24th. Barclays PLC upgraded shares of Xylem from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $51.00 to $59.00 in a report on Monday, May 15th. CIBC restated a “buy” rating and set a $58.00 price objective on shares of Xylem in a report on Thursday, April 6th. Oppenheimer Holdings, Inc. set a $58.00 price objective on shares of Xylem and gave the company a “buy” rating in a report on Wednesday, April 5th. Finally, BMO Capital Markets initiated coverage on shares of Xylem in a report on Wednesday, June 21st. They set an “outperform” rating and a $60.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $56.85.
In other news, insider Tomas Brannemo sold 14,080 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $50.36, for a total transaction of $709,068.80. Following the completion of the sale, the insider now owns 21,000 shares of the company’s stock, valued at approximately $1,057,560. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven R. Loranger sold 66,132 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the sale, the director now directly owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.
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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