Canada Pension Plan Investment Board Buys 25,110 Shares of Xylem Inc (XYL)

Canada Pension Plan Investment Board raised its stake in Xylem Inc (NYSE:XYL) by 23.8% during the third quarter, Holdings Channel reports. The fund owned 130,420 shares of the industrial products company’s stock after buying an additional 25,110 shares during the period. Canada Pension Plan Investment Board’s holdings in Xylem were worth $10,417,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Xylem in the second quarter worth $106,000. Fort L.P. purchased a new stake in shares of Xylem in the second quarter worth $118,000. Pendal Group Ltd purchased a new stake in shares of Xylem in the third quarter worth $126,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Xylem in the second quarter worth $139,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Xylem by 73.6% in the second quarter. Envestnet Asset Management Inc. now owns 2,523 shares of the industrial products company’s stock worth $170,000 after acquiring an additional 1,070 shares during the last quarter. 84.10% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Colin R. Sabol sold 17,161 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $81.37, for a total transaction of $1,396,390.57. Following the sale, the insider now directly owns 41,988 shares of the company’s stock, valued at $3,416,563.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul A. Stellato sold 3,000 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $78.63, for a total value of $235,890.00. The disclosure for this sale can be found here. Insiders have sold 21,661 shares of company stock worth $1,755,281 over the last ninety days. 0.81% of the stock is currently owned by insiders.

Xylem stock opened at $68.04 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.07 and a current ratio of 1.49. Xylem Inc has a one year low of $63.71 and a one year high of $82.44. The firm has a market cap of $13.12 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 1.39 and a beta of 1.28.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Xylem had a return on equity of 19.54% and a net margin of 7.75%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the firm posted $0.65 earnings per share. Xylem’s revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that Xylem Inc will post 2.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Thursday, November 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 1.23%. Xylem’s dividend payout ratio (DPR) is presently 35.00%.

A number of equities research analysts have recently commented on the company. Boenning Scattergood reissued a “buy” rating and issued a $82.00 target price on shares of Xylem in a research note on Monday, November 19th. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. BMO Capital Markets cut their target price on Xylem from $84.00 to $82.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 31st. Credit Suisse Group dropped their price objective on Xylem from $86.00 to $81.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 31st. Finally, Seaport Global Securities set a $80.00 price objective on Xylem and gave the company a “buy” rating in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. Xylem has a consensus rating of “Buy” and an average price target of $79.00.

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About Xylem

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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