Close Asset Management Ltd Buys New Holdings in Xylem Inc (XYL)

Close Asset Management Ltd bought a new position in shares of Xylem Inc (NYSE:XYL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,107 shares of the industrial products company’s stock, valued at approximately $308,000.

A number of other large investors have also modified their holdings of XYL. American Century Companies Inc. boosted its stake in Xylem by 10.2% in the 3rd quarter. American Century Companies Inc. now owns 9,222 shares of the industrial products company’s stock worth $737,000 after purchasing an additional 857 shares during the period. Advisory Services Network LLC boosted its stake in Xylem by 696.7% in the 3rd quarter. Advisory Services Network LLC now owns 7,043 shares of the industrial products company’s stock worth $563,000 after purchasing an additional 6,159 shares during the period. Wells Fargo & Company MN boosted its stake in Xylem by 38.4% in the 3rd quarter. Wells Fargo & Company MN now owns 306,606 shares of the industrial products company’s stock worth $24,489,000 after purchasing an additional 84,996 shares during the period. Boston Common Asset Management LLC boosted its stake in Xylem by 10.4% in the 3rd quarter. Boston Common Asset Management LLC now owns 28,681 shares of the industrial products company’s stock worth $2,291,000 after purchasing an additional 2,705 shares during the period. Finally, Boston Family Office LLC boosted its stake in Xylem by 9.1% in the 3rd quarter. Boston Family Office LLC now owns 26,876 shares of the industrial products company’s stock worth $2,147,000 after purchasing an additional 2,250 shares during the period. Hedge funds and other institutional investors own 84.40% of the company’s stock.

A number of equities analysts recently commented on XYL shares. Zacks Investment Research lowered shares of Xylem from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Canaccord Genuity set a $78.00 price objective on shares of Xylem and gave the stock a “hold” rating in a research note on Tuesday, July 24th. Oppenheimer reaffirmed a “buy” rating on shares of Xylem in a research note on Tuesday, July 31st. Stifel Nicolaus raised their price objective on shares of Xylem from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Finally, BMO Capital Markets raised 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Xylem has a consensus rating of “Hold” and an average price target of $79.57.

In other Xylem news, insider Paul A. Stellato sold 1,500 shares of Xylem stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $82.00, for a total transaction of $123,000.00. Following the completion of the sale, the insider now owns 12,796 shares of the company’s stock, valued at approximately $1,049,272. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul A. Stellato sold 3,000 shares of Xylem stock in a transaction on Monday, September 10th. The shares were sold at an average price of $78.63, for a total transaction of $235,890.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,661 shares of company stock valued at $1,755,281 in the last three months. Company insiders own 0.81% of the company’s stock.

Shares of NYSE:XYL opened at $68.51 on Tuesday. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 1.31 and a beta of 1.24. Xylem Inc has a 12-month low of $63.71 and a 12-month high of $82.44. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.49 and a quick ratio of 1.07.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. Xylem had a net margin of 7.75% and a return on equity of 19.54%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Equities analysts forecast that Xylem Inc will post 2.89 EPS for the current fiscal year.

The business also recently announced 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, October 31st. Xylem’s dividend payout ratio (DPR) is currently 35.00%.

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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.

Further Reading: What is a stock split?

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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