Personal Capital Advisors Corp increased its position in shares of Xylem Inc (NYSE:XYL) by 48.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,289 shares of the industrial products company’s stock after purchasing an additional 3,018 shares during the period. Personal Capital Advisors Corp’s holdings in Xylem were worth $742,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Perennial Advisors LLC raised its stake in shares of Xylem by 1.9% during the 2nd quarter. Perennial Advisors LLC now owns 36,114 shares of the industrial products company’s stock worth $2,433,000 after acquiring an additional 681 shares in the last quarter. Stellar Capital Management LLC raised its stake in shares of Xylem by 2.1% during the 2nd quarter. Stellar Capital Management LLC now owns 39,820 shares of the industrial products company’s stock worth $2,683,000 after acquiring an additional 805 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Xylem by 3.2% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 27,174 shares of the industrial products company’s stock worth $2,091,000 after acquiring an additional 831 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of Xylem by 60.7% during the 3rd quarter. CENTRAL TRUST Co now owns 2,326 shares of the industrial products company’s stock worth $186,000 after acquiring an additional 879 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Xylem by 3.9% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,708 shares of the industrial products company’s stock worth $1,899,000 after acquiring an additional 921 shares in the last quarter. 85.85% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on XYL shares. Zacks Investment Research upgraded shares of Xylem from a “sell” rating to a “hold” rating and set a $84.00 price objective for the company in a research note on Thursday, August 2nd. BMO Capital Markets boosted their price objective on shares of Xylem from $83.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 1st. Berenberg Bank initiated coverage on shares of Xylem in a research note on Wednesday, October 3rd. They set a “sell” rating and a $65.00 price target on the stock. Oppenheimer restated a “buy” rating on shares of Xylem in a research note on Tuesday, July 31st. Finally, Cowen restated a “buy” rating and set a $85.00 price target on shares of Xylem in a research note on Friday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $81.75.
Shares of Xylem stock opened at $69.77 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 0.86. Xylem Inc has a 12-month low of $62.24 and a 12-month high of $82.44. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 1.52 and a beta of 1.22.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. Xylem had a net margin of 7.39% and a return on equity of 19.04%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $0.59 EPS. Xylem’s revenue for the quarter was up 13.1% compared to the same quarter last year. Research analysts forecast that Xylem Inc will post 2.91 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Thursday, November 1st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.84 dividend on an annualized basis and a yield of 1.20%. Xylem’s payout ratio is 35.00%.
In other news, Director Curtis J. Crawford sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $76.26, for a total value of $571,950.00. Following the sale, the director now directly owns 40,421 shares of the company’s stock, valued at approximately $3,082,505.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kairus Tarapore sold 18,800 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $75.17, for a total transaction of $1,413,196.00. Following the completion of the sale, the senior vice president now directly owns 31,580 shares in the company, valued at $2,373,868.60. The disclosure for this sale can be found here. Insiders sold a total of 49,284 shares of company stock worth $3,839,982 over the last ninety days. Insiders own 0.81% of the company’s stock.
Xylem Company 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.
Featured Article: What are the Different Types of Leveraged Buyouts?
Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc (NYSE:XYL).
Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.