Strs Ohio boosted its stake in Xylem Inc. (NYSE:XYL) by 4,107.9% during the second quarter, Holdings Channel reports. The firm owned 154,344 shares of the company’s stock after buying an additional 150,676 shares during the period. Strs Ohio’s holdings in Xylem were worth $6,891,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XYL. State Street Corp raised its position in Xylem by 2.3% in the first quarter. State Street Corp now owns 7,030,509 shares of the company’s stock valued at $287,548,000 after buying an additional 159,732 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Xylem by 8.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,296,799 shares of the company’s stock valued at $216,639,000 after buying an additional 417,259 shares during the period. Pictet Asset Management Ltd. raised its position in Xylem by 5.0% in the first quarter. Pictet Asset Management Ltd. now owns 4,440,366 shares of the company’s stock valued at $166,115,000 after buying an additional 210,541 shares during the period. BlackRock Group LTD raised its position in Xylem by 1.2% in the first quarter. BlackRock Group LTD now owns 1,799,568 shares of the company’s stock valued at $73,602,000 after buying an additional 20,700 shares during the period. Finally, Geode Capital Management LLC raised its position in Xylem by 1.1% in the first quarter. Geode Capital Management LLC now owns 1,484,650 shares of the company’s stock valued at $60,604,000 after buying an additional 15,589 shares during the period. 84.70% of the stock is currently owned by institutional investors.
Xylem Inc. (NYSE:XYL) traded up 0.04% during mid-day trading on Monday, reaching $52.47. The company’s stock had a trading volume of 884,613 shares. Xylem Inc. has a 52 week low of $31.67 and a 52 week high of $52.80. The firm has a market capitalization of $9.40 billion, a P/E ratio of 28.01 and a beta of 1.14. The firm’s 50 day moving average price is $50.87 and its 200 day moving average price is $45.88.
Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $932 million for the quarter, compared to analyst estimates of $927.69 million. Xylem had a return on equity of 16.41% and a net margin of 9.22%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. On average, analysts anticipate that Xylem Inc. will post $2.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, August 31st were given a dividend of $0.1549 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Monday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 33.16%.
XYL has been the topic of several research analyst reports. Atlantic Securities raised Xylem from a “neutral” rating to an “overweight” rating and set a $54.00 price target on the stock in a research report on Monday, August 22nd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $52.00 price target (up previously from $46.00) on shares of Xylem in a research report on Monday, June 20th. Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 price target (up previously from $45.00) on shares of Xylem in a research report on Tuesday, August 16th. Royal Bank Of Canada lifted their price target on Xylem from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Finally, RBC Capital Markets set a $51.00 price target on Xylem and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.00.
In related news, insider Colin R. Sabol sold 27,473 shares of Xylem stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $50.91, for a total transaction of $1,398,650.43. Following the sale, the insider now directly owns 65,530 shares of the company’s stock, valued at $3,336,132.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Tomas Brannemo sold 8,524 shares of Xylem stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $50.06, for a total value of $426,711.44. The disclosure for this sale can be found here. Corporate insiders own 0.77% of the company’s stock.
Xylem Inc is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company 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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