Traders Buy Shares of Xylem (XYL) on Weakness

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Traders purchased shares of Xylem Inc (NYSE:XYL) on weakness during trading hours on Tuesday. $33.46 million flowed into the stock on the tick-up and $20.42 million flowed out of the stock on the tick-down, for a money net flow of $13.04 million into the stock. Of all stocks tracked, Xylem had the 25th highest net in-flow for the day. Xylem traded down ($0.57) for the day and closed at $65.13

Several equities research analysts have issued reports on the company. Berenberg Bank assumed coverage on Xylem in a research report on Wednesday, October 3rd. They set a “sell” rating and a $65.00 target price on the stock. Vertical Research downgraded Xylem from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Stifel Nicolaus increased their target price on Xylem from $75.00 to $80.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Raymond James assumed coverage on Xylem in a research report on Wednesday, September 5th. They set an “outperform” rating and a $90.00 target price on the stock. Finally, BMO Capital Markets increased their target price on Xylem from $83.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $80.50.

The firm has a market capitalization of $11.95 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.02 and a current ratio of 1.43.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Xylem had a net margin of 7.39% and a return on equity of 19.04%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, equities analysts predict that Xylem Inc will post 2.9 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Thursday, November 1st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 1.29%. Xylem’s payout ratio is currently 35.00%.

In other news, Director Curtis J. Crawford sold 1,323 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $75.25, for a total value of $99,555.75. Following the transaction, the director now owns 40,421 shares of the company’s stock, valued at $3,041,680.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paul A. Stellato sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $82.00, for a total transaction of $123,000.00. Following the completion of the transaction, the insider now directly owns 12,796 shares in the company, valued at approximately $1,049,272. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,284 shares of company stock worth $3,839,982. Insiders own 0.81% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Parnassus Investments CA increased its holdings in shares of Xylem by 1.2% in the second quarter. Parnassus Investments CA now owns 6,171,524 shares of the industrial products company’s stock worth $415,837,000 after purchasing an additional 74,982 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Xylem by 38.1% in the second quarter. Janus Henderson Group PLC now owns 3,189,273 shares of the industrial products company’s stock worth $214,898,000 after purchasing an additional 880,125 shares during the period. Bank of America Corp DE increased its holdings in shares of Xylem by 8.3% in the second quarter. Bank of America Corp DE now owns 2,721,844 shares of the industrial products company’s stock worth $183,398,000 after purchasing an additional 207,898 shares during the period. USS Investment Management Ltd increased its holdings in shares of Xylem by 43.7% in the second quarter. USS Investment Management Ltd now owns 2,615,320 shares of the industrial products company’s stock worth $176,220,000 after purchasing an additional 795,628 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Xylem by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 2,006,332 shares of the industrial products company’s stock worth $135,187,000 after purchasing an additional 109,516 shares during the period. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

Xylem Company Profile (NYSE:XYL)

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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