Columbia Partners L L C Investment Management reduced its stake in shares of Xylem Inc. (NYSE:XYL) by 16.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,973 shares of the industrial products company’s stock after selling 7,048 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Xylem were worth $2,252,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of XYL. USS Investment Management Ltd purchased a new position in Xylem during the 2nd quarter valued at $91,840,000. Janus Henderson Group PLC increased its position in Xylem by 404.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,853,943 shares of the industrial products company’s stock valued at $102,758,000 after purchasing an additional 1,486,463 shares during the period. Voya Investment Management LLC grew its position in shares of Xylem by 554.0% in the 2nd quarter. Voya Investment Management LLC now owns 1,242,748 shares of the industrial products company’s stock worth $68,886,000 after buying an additional 1,052,719 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Xylem in the 2nd quarter worth about $48,151,000. Finally, State Street Corp grew its position in shares of Xylem by 11.5% in the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock worth $460,211,000 after buying an additional 861,484 shares during the period. 85.66% of the stock is currently owned by institutional investors and hedge funds.
In other Xylem news, insider Colin R. Sabol sold 38,070 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the transaction, the insider now owns 61,979 shares in the company, valued at approximately $4,078,837.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Curtis J. Crawford sold 7,500 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total transaction of $498,300.00. Following the transaction, the director now owns 52,385 shares in the company, valued at approximately $3,480,459.40. The disclosure for this sale can be found here. Insiders have sold a total of 83,270 shares of company stock worth $5,501,312 in the last 90 days. Company insiders own 0.75% of the company’s stock.
Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm posted $0.54 EPS. Xylem’s revenue for the quarter was up 33.2% on a year-over-year basis. equities analysts predict that Xylem Inc. will post 2.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, November 1st. Xylem’s dividend payout ratio is currently 41.86%.
XYL has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Thursday, October 5th. Oppenheimer reaffirmed a “buy” rating on shares of Xylem in a research report on Tuesday, October 31st. Cowen reaffirmed a “buy” rating and issued a $70.00 target price on shares of Xylem in a research report on Thursday, September 21st. Seaport Global Securities reaffirmed a “buy” rating on shares of Xylem in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $63.00 target price on shares of Xylem in a research report on Tuesday, September 5th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Xylem currently has a consensus rating of “Buy” and an average price target of $65.17.
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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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