Murphy Capital Management Inc. cut its stake in Xylem Inc. (NYSE:XYL) by 18.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,760 shares of the industrial products company’s stock after selling 3,185 shares during the period. Murphy Capital Management Inc.’s holdings in Xylem were worth $762,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of Xylem during the fourth quarter valued at approximately $224,000. Quadrature Capital Ltd acquired a new position in shares of Xylem during the fourth quarter valued at approximately $4,626,000. Perigon Wealth Management LLC bought a new position in Xylem during the fourth quarter valued at $586,000. Teachers Advisors LLC boosted its position in Xylem by 23.1% in the fourth quarter. Teachers Advisors LLC now owns 242,609 shares of the industrial products company’s stock valued at $12,014,000 after buying an additional 45,505 shares during the period. Finally, Kentucky Retirement Systems bought a new position in Xylem during the fourth quarter valued at $645,000. 87.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of Xylem Inc. (NYSE XYL) traded up 0.14% during trading on Friday, reaching $59.03. 630,930 shares of the company were exchanged. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 38.11 and a beta of 1.18. The stock’s 50-day moving average is $57.50 and its 200-day moving average is $52.31. Xylem Inc. has a 52-week low of $45.60 and a 52-week high of $60.71.
Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 EPS. Equities research analysts predict that Xylem Inc. will post $2.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, August 29th. Xylem’s payout ratio is presently 46.45%.
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Several research analysts recently weighed in on XYL shares. Barclays PLC upgraded shares of Xylem from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $51.00 to $59.00 in a research report on Monday, May 15th. BidaskClub upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. BMO Capital Markets started coverage on shares of Xylem in a research report on Wednesday, June 21st. They issued an “outperform” rating and a $60.00 price objective for the company. CIBC restated a “buy” rating on shares of Xylem in a research report on Wednesday, May 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $52.00 target price on shares of Xylem in a research report on Thursday, July 6th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Xylem currently has a consensus rating of “Buy” and a consensus target price of $59.00.
In other news, Director Steven R. Loranger sold 66,132 shares of the firm’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the sale, the director now owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kenneth Napolitano sold 9,052 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of the transaction, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.
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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