Louisiana State Employees Retirement System boosted its stake in Xylem Inc. (NYSE:XYL) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,100 shares of the industrial products company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Xylem were worth $615,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Asset Planning Services Ltd. boosted its position in Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock valued at $106,000 after buying an additional 7 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in Xylem by 96.1% in the first quarter. Contravisory Investment Management Inc. now owns 2,345 shares of the industrial products company’s stock valued at $118,000 after buying an additional 1,149 shares in the last quarter. Cribstone Capital Management LLC boosted its position in Xylem by 1,214.6% in the first quarter. Cribstone Capital Management LLC now owns 2,432 shares of the industrial products company’s stock valued at $124,000 after buying an additional 2,247 shares in the last quarter. CENTRAL TRUST Co boosted its position in Xylem by 160.3% in the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock valued at $146,000 after buying an additional 1,635 shares in the last quarter. Finally, FNY Partners Fund LP bought a new position in Xylem during the first quarter valued at approximately $151,000. Hedge funds and other institutional investors own 87.16% of the company’s stock.
Xylem Inc. (NYSE XYL) opened at 59.03 on Friday. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 38.11 and a beta of 1.18. Xylem Inc. has a 12 month low of $45.60 and a 12 month high of $60.71. The stock’s 50 day moving average is $57.50 and its 200-day moving average is $52.31.
Xylem (NYSE:XYL) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. Xylem’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. On average, analysts anticipate that Xylem Inc. will post $2.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st will be paid 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 is Tuesday, August 29th. Xylem’s dividend payout ratio is presently 46.45%.
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Several equities analysts have recently commented on the stock. Cowen and Company restated an “outperform” rating and set a $70.00 price target (up from $60.00) on shares of Xylem in a report on Wednesday, August 9th. Oppenheimer Holdings, Inc. lifted their price objective on shares of Xylem from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Barclays PLC raised shares of Xylem from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $51.00 to $59.00 in a research note on Monday, May 15th. BMO Capital Markets began coverage on shares of Xylem in a research note on Wednesday, June 21st. They issued an “outperform” rating and a $60.00 price objective for the company. Finally, BidaskClub raised shares of Xylem from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.00.
In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of Xylem stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the completion of the sale, the insider now owns 35,303 shares in the company, valued at approximately $2,123,828.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven R. Loranger sold 66,132 shares of Xylem stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the completion of the sale, the director now owns 65,030 shares of the company’s stock, valued at approximately $3,577,300.30. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.
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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