Northern Trust Corp reduced its holdings in Xylem Inc (NYSE:XYL) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,235,412 shares of the industrial products company’s stock after selling 363 shares during the period. Northern Trust Corp owned about 1.24% of Xylem worth $186,969,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in XYL. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Xylem by 48.8% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,438 shares of the industrial products company’s stock worth $204,000 after purchasing an additional 800 shares during the period. Carnegie Capital Asset Management LLC purchased a new stake in Xylem in the 2nd quarter worth approximately $356,000. Ardevora Asset Management LLP lifted its position in Xylem by 3.4% in the 2nd quarter. Ardevora Asset Management LLP now owns 513,400 shares of the industrial products company’s stock worth $42,941,000 after buying an additional 16,800 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Xylem in the 2nd quarter worth approximately $250,000. Finally, BlackRock Inc. grew its holdings in shares of Xylem by 3.6% during the 1st quarter. BlackRock Inc. now owns 14,986,762 shares of the industrial products company’s stock valued at $1,184,554,000 after acquiring an additional 516,715 shares in the last quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.
In other Xylem news, insider Colin R. Sabol sold 4,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were 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 of the company’s stock, valued at approximately $3,015,622.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kenneth Napolitano sold 5,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $75.23, for a total transaction of $376,150.00. Following the sale, the insider now owns 46,228 shares of the company’s stock, valued at $3,477,732.44. The disclosure for this sale can be found here. Insiders sold a total of 23,027 shares of company stock worth $1,864,983 over the last quarter. 0.85% of the stock is currently owned by company insiders.
Xylem stock traded up $0.12 during trading hours on Wednesday, reaching $78.47. 24,553 shares of the company were exchanged, compared to its average volume of 579,726. Xylem Inc has a 12 month low of $60.65 and a 12 month high of $85.39. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average of $77.25 and a 200 day moving average of $78.78. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.48 and a beta of 1.20.
Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.79 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.79. Xylem had a net margin of 10.90% and a return on equity of 19.23%. 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 posted $0.73 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts forecast that Xylem Inc will post 3.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $0.96 dividend on an annualized basis and a yield of 1.22%. Xylem’s payout ratio is presently 33.33%.
XYL has been the subject of several recent research reports. ValuEngine cut Xylem from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Credit Suisse Group lowered shares of Xylem from an “outperform” rating to a “neutral” rating in a research report on Friday, August 2nd. Finally, Cowen cut shares of Xylem from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $75.00 to $72.00 in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $78.83.
Xylem Company Profile
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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