Victory Capital Management Inc. lifted its position in Xylem Inc. (NYSE:XYL) by 13.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,640,792 shares of the industrial products company’s stock after purchasing an additional 189,156 shares during the quarter. Victory Capital Management Inc. owned about 0.91% of Xylem worth $138,023,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Xylem by 5.6% during the 3rd quarter. BlackRock Inc. now owns 18,195,074 shares of the industrial products company’s stock worth $1,530,572,000 after acquiring an additional 958,866 shares in the last quarter. King Luther Capital Management Corp grew its holdings in Xylem by 19,231.9% during the 2nd quarter. King Luther Capital Management Corp now owns 731,714 shares of the industrial products company’s stock valued at $47,532,000 after purchasing an additional 727,929 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Xylem by 176.2% during the 2nd quarter. Baird Financial Group Inc. now owns 934,739 shares of the industrial products company’s stock valued at $73,636,000 after purchasing an additional 596,250 shares in the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new stake in Xylem during the 2nd quarter valued at $24,266,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Xylem by 49.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,075,135 shares of the industrial products company’s stock valued at $69,841,000 after purchasing an additional 354,020 shares in the last quarter. 84.92% of the stock is currently owned by institutional investors.
In related news, CAO Geri-Michelle Mcshane sold 1,514 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $84.21, for a total transaction of $127,493.94. Following the transaction, the chief accounting officer now owns 3,300 shares of the company’s stock, valued at $277,893. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Markos I. Tambakeras sold 700 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $85.00, for a total transaction of $59,500.00. Following the transaction, the director now directly owns 43,247 shares in the company, valued at approximately $3,675,995. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,796 shares of company stock worth $4,398,786. Insiders own 1.01% of the company’s stock.
Shares of NYSE XYL traded down $2.01 during mid-day trading on Tuesday, reaching $95.38. The company had a trading volume of 6,054 shares, compared to its average volume of 1,218,271. The stock has a fifty day moving average of $89.51 and a two-hundred day moving average of $76.62. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.97 and a current ratio of 2.40. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 70.07, a PEG ratio of 4.89 and a beta of 1.05. Xylem Inc. has a 12-month low of $54.62 and a 12-month high of $99.06.
Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, October 29th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. Xylem had a net margin of 5.09% and a return on equity of 14.72%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. Sell-side analysts forecast that Xylem Inc. will post 1.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 5th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, November 4th. Xylem’s payout ratio is presently 34.44%.
A number of research firms recently weighed in on XYL. TheStreet raised shares of Xylem from a “c+” rating to a “b-” rating in a report on Monday, September 28th. Oppenheimer reissued a “hold” rating on shares of Xylem in a research report on Thursday, July 30th. Credit Suisse Group raised their price target on shares of Xylem from $69.00 to $75.00 and gave the stock an “underperform” rating in a research report on Friday, October 30th. Jefferies Financial Group raised their target price on shares of Xylem from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, July 27th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Xylem in a research report on Sunday, September 13th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $72.53.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.
Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc. (NYSE:XYL).
Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.