Kidder Stephen W boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,065 shares of the industrial products company’s stock after purchasing an additional 1,795 shares during the period. Kidder Stephen W’s holdings in Xylem were worth $1,883,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of XYL. Chilton Investment Co. LLC increased its stake in Xylem by 83.8% during the second quarter. Chilton Investment Co. LLC now owns 983,214 shares of the industrial products company’s stock worth $54,500,000 after acquiring an additional 448,212 shares during the last quarter. Clinton Group Inc. purchased a new position in shares of Xylem during the second quarter valued at approximately $3,292,000. Swiss National Bank boosted its position in shares of Xylem by 2.9% during the second quarter. Swiss National Bank now owns 653,822 shares of the industrial products company’s stock valued at $36,241,000 after buying an additional 18,200 shares during the period. Highland Capital Management LLC purchased a new stake in shares of Xylem in the second quarter valued at approximately $560,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Xylem by 17.0% in the second quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock valued at $151,210,000 after purchasing an additional 396,854 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Xylem Inc. (XYL) opened at $66.34 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.76. Xylem Inc. has a 12 month low of $46.67 and a 12 month high of $67.64. The stock has a market cap of $11,898.50, a PE ratio of 28.93, a PEG ratio of 1.85 and a beta of 1.16.
Xylem (NYSE:XYL) last posted its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. research analysts predict that Xylem Inc. will post 2.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, November 1st. Xylem’s dividend payout ratio is presently 41.86%.
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In other Xylem news, Director Curtis J. Crawford sold 7,500 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total value of $498,300.00. Following the completion of the sale, the director now owns 52,385 shares in the company, valued at approximately $3,480,459.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Colin R. Sabol sold 38,070 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the sale, the insider now owns 61,979 shares of the company’s stock, valued at approximately $4,078,837.99. The disclosure for this sale can be found here. Insiders sold a total of 83,270 shares of company stock worth $5,501,312 over the last ninety days. 0.75% of the stock is currently owned by corporate insiders.
XYL has been the subject of a number of research reports. Canaccord Genuity reiterated a “hold” rating and issued a $50.00 price target on shares of Xylem in a report on Friday, July 28th. BidaskClub lowered Xylem from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $66.00 target price (up previously from $60.00) on shares of Xylem in a report on Tuesday, August 1st. Royal Bank Of Canada upped their target price on Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Finally, BMO Capital Markets upped their target price on Xylem from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $65.17.
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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