IFP Advisors Inc Has $1.38 Million Stake in Xylem Inc. (NYSE:XYL)

IFP Advisors Inc raised its position in shares of Xylem Inc. (NYSE:XYL) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,963 shares of the industrial products company’s stock after buying an additional 5 shares during the period. IFP Advisors Inc’s holdings in Xylem were worth $1,384,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Candriam Luxembourg S.C.A. raised its stake in shares of Xylem by 107.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 182,338 shares of the industrial products company’s stock worth $10,107,000 after buying an additional 94,266 shares during the period. First Manhattan Co. raised its stake in shares of Xylem by 2.0% in the second quarter. First Manhattan Co. now owns 124,618 shares of the industrial products company’s stock worth $6,907,000 after buying an additional 2,429 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Xylem by 380.3% in the second quarter. Daiwa Securities Group Inc. now owns 103,500 shares of the industrial products company’s stock worth $5,737,000 after buying an additional 81,950 shares during the period. CAPROCK Group Inc. raised its stake in shares of Xylem by 126.8% in the second quarter. CAPROCK Group Inc. now owns 10,485 shares of the industrial products company’s stock worth $581,000 after buying an additional 5,861 shares during the period. Finally, CIBC Asset Management Inc raised its stake 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 worth $980,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 87.16% of the company’s stock.

Shares of Xylem Inc. (NYSE XYL) traded up 0.14% on Friday, hitting $59.03. The stock had a trading volume of 630,930 shares. The company has a market capitalization of $10.60 billion, a P/E ratio of 38.11 and a beta of 1.18. Xylem Inc. has a one year low of $45.60 and a one year high of $60.71. The firm has a 50 day moving average price of $57.50 and a 200 day moving average price of $52.31.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Xylem’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, equities research analysts predict that Xylem Inc. will post $2.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.22%. Xylem’s dividend payout ratio (DPR) is currently 46.45%.

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XYL has been the subject of several research reports. Cowen and Company reiterated an “outperform” rating and issued a $70.00 target price (up previously from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. BMO Capital Markets lifted their target price on Xylem from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. boosted their price objective on Xylem from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada boosted their price objective on Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub lowered Xylem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $59.00.

In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the sale, the insider now owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction on 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 directly owns 65,030 shares in the company, valued at approximately $3,577,300.30. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

About Xylem

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.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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