D.A. Davidson & CO. Reduces Position in Xylem Inc. (XYL)

D.A. Davidson & CO. lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 12.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,229 shares of the industrial products company’s stock after selling 915 shares during the quarter. D.A. Davidson & CO.’s holdings in Xylem were worth $479,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. increased its position in Xylem by 16.0% during the fourth quarter. BlackRock Inc. now owns 14,130,060 shares of the industrial products company’s stock worth $963,668,000 after acquiring an additional 1,949,335 shares during the period. Parnassus Investments CA increased its position in Xylem by 0.8% during the fourth quarter. Parnassus Investments CA now owns 6,063,309 shares of the industrial products company’s stock worth $413,518,000 after acquiring an additional 48,919 shares during the period. Geode Capital Management LLC increased its position in Xylem by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 2,027,704 shares of the industrial products company’s stock worth $138,016,000 after acquiring an additional 106,271 shares during the period. Chilton Investment Co. LLC increased its position in Xylem by 0.6% during the fourth quarter. Chilton Investment Co. LLC now owns 982,583 shares of the industrial products company’s stock worth $67,012,000 after acquiring an additional 5,627 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Xylem by 3.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 860,508 shares of the industrial products company’s stock worth $58,687,000 after acquiring an additional 27,119 shares during the period. 84.72% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Tomas Brannemo sold 1,151 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $76.41, for a total value of $87,947.91. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Curtis J. Crawford sold 7,500 shares of the business’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $73.39, for a total transaction of $550,425.00. Following the completion of the sale, the director now owns 41,744 shares in the company, valued at approximately $3,063,592.16. The disclosure for this sale can be found here. Insiders sold a total of 20,657 shares of company stock worth $1,520,904 in the last 90 days. 0.81% of the stock is owned by corporate insiders.

Shares of Xylem opened at $71.64 on Friday, MarketBeat.com reports. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.02 and a current ratio of 1.42. Xylem Inc. has a 52-week low of $51.29 and a 52-week high of $79.83.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, May 1st. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion. Xylem had a net margin of 7.29% and a return on equity of 18.31%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. analysts expect that Xylem Inc. will post 2.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 21st. Stockholders of record on Thursday, May 24th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, May 23rd. This represents a $0.84 annualized dividend and a dividend yield of 1.17%. Xylem’s dividend payout ratio is presently 35.00%.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Tuesday, March 20th. ValuEngine raised shares of Xylem from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Boenning Scattergood reissued a “buy” rating and issued a $90.00 price target on shares of Xylem in a report on Tuesday, May 1st. BMO Capital Markets lowered their price target on shares of Xylem from $86.00 to $83.00 and set an “outperform” rating on the stock in a report on Wednesday, May 2nd. Finally, Oppenheimer reissued a “buy” rating and issued a $82.00 price target on shares of Xylem in a report on Tuesday, May 1st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $80.20.

Xylem Profile

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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