Oregon Public Employees Retirement Fund lifted its stake in shares of Xylem Inc (NYSE:XYL) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,094 shares of the industrial products company’s stock after acquiring an additional 464 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Xylem were worth $1,597,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sandy Spring Bank raised its holdings in shares of Xylem by 101.2% during the 1st quarter. Sandy Spring Bank now owns 338 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 170 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Xylem during the 1st quarter worth $28,000. Meridian Wealth Management LLC purchased a new position in shares of Xylem during the 1st quarter worth $30,000. BSW Wealth Partners purchased a new position in shares of Xylem during the 1st quarter worth $45,000. Finally, Harvest Group Wealth Management LLC purchased a new position in shares of Xylem during the 1st quarter worth $46,000. Institutional investors and hedge funds own 85.35% of the company’s stock.
XYL traded down $1.77 on Monday, hitting $75.76. The company had a trading volume of 12,111 shares, compared to its average volume of 774,681. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 1.47 and a beta of 1.19. Xylem Inc has a 1 year low of $60.65 and a 1 year high of $85.39. The stock’s fifty day simple moving average is $81.72. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.02 and a current ratio of 1.47.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.35 billion. Xylem had a net margin of 10.90% and a return on equity of 19.23%. Xylem’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. On average, equities research analysts predict that Xylem Inc will post 3.18 EPS for the current year.
Several research analysts have recently commented on XYL shares. ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a report on Thursday. Janney Montgomery Scott upgraded Xylem from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Friday, May 3rd. Credit Suisse Group lowered Xylem from an “outperform” rating to a “neutral” rating in a report on Friday. Cowen lowered Xylem from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $75.00 to $72.00 in a report on Tuesday, May 14th. Finally, Stifel Nicolaus reduced their price target on Xylem from $93.00 to $89.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $79.69.
In other Xylem news, Director Curtis J. Crawford sold 7,500 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $79.20, for a total transaction of $594,000.00. Following the sale, the director now directly owns 19,244 shares in the company, valued at $1,524,124.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Claudia S. Toussaint sold 2,344 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $78.53, for a total transaction of $184,074.32. Following the sale, the senior vice president now owns 43,761 shares in the company, valued at $3,436,551.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,818 shares of company stock worth $3,345,344. 0.85% of the stock is owned by insiders.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
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