Whittier Trust Co. raised its position in shares of Xylem Inc (NYSE:XYL) by 13.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,279 shares of the industrial products company’s stock after purchasing an additional 273 shares during the period. Whittier Trust Co.’s holdings in Xylem were worth $191,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jag Capital Management LLC grew its holdings in Xylem by 100.3% in the 2nd quarter. Jag Capital Management LLC now owns 248,574 shares of the industrial products company’s stock valued at $20,791,000 after buying an additional 124,480 shares during the last quarter. Davy Asset Management Ltd acquired a new stake in Xylem in the 2nd quarter valued at approximately $1,213,000. FDx Advisors Inc. acquired a new stake in Xylem in the 2nd quarter valued at approximately $284,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Xylem by 48.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,438 shares of the industrial products company’s stock valued at $204,000 after buying an additional 800 shares during the last quarter. Finally, Prio Wealth Limited Partnership grew its holdings in Xylem by 0.6% in the 2nd quarter. Prio Wealth Limited Partnership now owns 365,687 shares of the industrial products company’s stock valued at $30,586,000 after buying an additional 2,232 shares during the last quarter. 85.35% of the stock is owned by institutional investors.
Shares of NYSE:XYL traded down $1.49 during trading on Monday, hitting $76.04. 17,975 shares of the stock were exchanged, compared to its average volume of 774,681. Xylem Inc has a 1-year low of $60.65 and a 1-year high of $85.39. The stock has a market capitalization of $13.95 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 1.47 and a beta of 1.19. The company has a fifty day moving average price of $81.72. The company has a quick ratio of 1.02, a current ratio of 1.47 and a debt-to-equity ratio of 0.71.
Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.79 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. Xylem had a return on equity of 19.23% and a net margin of 10.90%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm earned $0.73 EPS. Xylem’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts forecast that Xylem Inc will post 3.18 earnings per share for the current year.
A number of research firms have issued reports on XYL. Zacks Investment Research raised Xylem from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Stifel Nicolaus lowered their target price on Xylem from $93.00 to $89.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a report on Thursday. Cowen lowered Xylem from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $75.00 to $72.00 in a report on Tuesday, May 14th. Finally, Credit Suisse Group lowered Xylem from an “outperform” rating to a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $79.69.
In related news, insider Colin R. Sabol sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $84.28, for a total transaction of $337,120.00. Following the completion of the transaction, the insider now owns 35,781 shares in the company, valued at approximately $3,015,622.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Curtis J. Crawford sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $79.20, for a total value of $594,000.00. Following the transaction, the director now owns 19,244 shares of the company’s stock, valued at approximately $1,524,124.80. The disclosure for this sale can be found here. Insiders have sold a total of 41,818 shares of company stock valued at $3,345,344 in the last 90 days. 0.85% of the stock is owned by corporate 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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