Nomura Holdings Inc. purchased a new position in Xylem Inc. (NYSE:XYL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,650 shares of the industrial products company’s stock, valued at approximately $756,000.
Several other large investors also recently modified their holdings of the company. Chilton Investment Co. LLC grew its holdings in shares of Xylem by 83.8% during the 2nd quarter. Chilton Investment Co. LLC now owns 983,214 shares of the industrial products company’s stock valued at $54,500,000 after purchasing an additional 448,212 shares during the last quarter. Swiss National Bank grew its holdings in shares of Xylem by 2.9% during the 2nd quarter. Swiss National Bank now owns 653,822 shares of the industrial products company’s stock valued at $36,241,000 after purchasing an additional 18,200 shares during the last quarter. Clinton Group Inc. bought a new position in shares of Xylem during the 2nd quarter valued at $3,292,000. Highland Capital Management LLC bought a new position in shares of Xylem during the 2nd quarter valued at $560,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Xylem by 17.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock valued at $151,210,000 after purchasing an additional 396,854 shares during the last quarter. 86.16% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the stock. Cowen and Company reaffirmed an “outperform” rating and set a $70.00 target price (up previously from $60.00) on shares of Xylem in a report on Wednesday, August 9th. BMO Capital Markets increased their target price on shares of Xylem from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $66.00 price target (up previously from $60.00) on shares of Xylem in a research report on Tuesday, August 1st. Robert W. Baird reissued a “hold” rating and set a $67.00 price target on shares of Xylem in a research report on Wednesday, October 4th. Finally, BidaskClub cut shares of Xylem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Xylem presently has an average rating of “Buy” and a consensus price target of $61.92.
In other news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the transaction, the insider now owns 35,303 shares in the company, valued at approximately $2,123,828.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is owned by insiders.
Xylem Inc. (NYSE:XYL) traded up 0.08% during midday trading on Friday, hitting $64.86. 668,174 shares of the stock traded hands. The firm’s 50-day moving average is $63.79 and its 200-day moving average is $57.21. Xylem Inc. has a 52-week low of $45.60 and a 52-week high of $66.28. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 41.87 and a beta of 1.17.
Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm earned $0.48 EPS. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. Analysts predict that Xylem Inc. will post $2.38 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.11%. Xylem’s dividend payout ratio is presently 46.45%.
TRADEMARK VIOLATION NOTICE: This story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/28/nomura-holdings-inc-purchases-new-position-in-xylem-inc-xyl.html.
Xylem Company Profile
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.
Receive News & Ratings for Xylem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.