Nordea Investment Management AB trimmed its holdings in Xylem Inc (NYSE:XYL) by 11.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 13,672 shares of the industrial products company’s stock after selling 1,683 shares during the period. Nordea Investment Management AB’s holdings in Xylem were worth $856,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Xylem by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock valued at $740,000 after buying an additional 39 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Xylem by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock valued at $980,000 after buying an additional 58 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Xylem by 0.5% in the second quarter. Manchester Capital Management LLC now owns 14,198 shares of the industrial products company’s stock valued at $787,000 after buying an additional 76 shares during the last quarter. Commerce Bank raised its holdings in shares of Xylem by 0.9% in the second quarter. Commerce Bank now owns 10,672 shares of the industrial products company’s stock valued at $592,000 after buying an additional 90 shares during the last quarter. Finally, Utah Retirement Systems raised its holdings in shares of Xylem by 0.3% in the second quarter. Utah Retirement Systems now owns 32,765 shares of the industrial products company’s stock valued at $1,817,000 after buying an additional 100 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.
In other Xylem news, Director Curtis J. Crawford sold 7,500 shares of Xylem stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Colin R. Sabol sold 38,070 shares of Xylem stock in a transaction on 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 completion of the transaction, the insider now owns 61,979 shares in the company, valued at approximately $4,078,837.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,270 shares of company stock worth $5,501,312. 0.75% of the stock is owned by company insiders.
Shares of Xylem Inc (XYL) traded down $0.18 during midday trading on Friday, reaching $68.19. 681,266 shares of the company were exchanged, compared to its average volume of 642,717. Xylem Inc has a 1 year low of $46.67 and a 1 year high of $69.88. The firm has a market capitalization of $12,246.92, a price-to-earnings ratio of 29.78, a P/E/G ratio of 1.90 and a beta of 1.17. 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 (NYSE:XYL) last announced its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned $0.54 earnings per share. Xylem’s revenue was up 33.2% compared to the same quarter last year. analysts anticipate that Xylem Inc will post 2.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.06%. Xylem’s dividend payout ratio (DPR) is currently 41.86%.
Several research analysts recently issued reports on XYL shares. Seaport Global Securities reissued a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Thursday, October 5th. Oppenheimer reissued a “buy” rating on shares of Xylem in a report on Tuesday, October 31st. Cowen reaffirmed a “buy” rating and issued a $70.00 target price on shares of Xylem in a report on Thursday, September 21st. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $67.00 target price on shares of Xylem in a report on Wednesday, October 4th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $65.17.
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Xylem Company Profile
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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