WINTON GROUP Ltd Sells 843 Shares of Xylem Inc (XYL)

WINTON GROUP Ltd decreased its stake in shares of Xylem Inc (NYSE:XYL) by 20.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,273 shares of the industrial products company’s stock after selling 843 shares during the quarter. WINTON GROUP Ltd’s holdings in Xylem were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Parnassus Investments CA increased its position in Xylem by 1.2% during the second quarter. Parnassus Investments CA now owns 6,171,524 shares of the industrial products company’s stock worth $415,837,000 after buying an additional 74,982 shares in the last quarter. Janus Henderson Group PLC increased its position in Xylem by 38.1% during the second quarter. Janus Henderson Group PLC now owns 3,189,273 shares of the industrial products company’s stock worth $214,898,000 after buying an additional 880,125 shares in the last quarter. Bank of America Corp DE increased its position in Xylem by 8.3% during the second quarter. Bank of America Corp DE now owns 2,721,844 shares of the industrial products company’s stock worth $183,398,000 after buying an additional 207,898 shares in the last quarter. USS Investment Management Ltd increased its position in Xylem by 43.7% during the second quarter. USS Investment Management Ltd now owns 2,615,320 shares of the industrial products company’s stock worth $176,220,000 after buying an additional 795,628 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Xylem by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 2,006,332 shares of the industrial products company’s stock worth $135,187,000 after buying an additional 109,516 shares in the last quarter. 85.85% of the stock is owned by institutional investors.

In other news, Director Curtis J. Crawford sold 1,323 shares of Xylem stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $75.25, for a total value of $99,555.75. Following the completion of the sale, the director now owns 40,421 shares of the company’s stock, valued at $3,041,680.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Colin R. Sabol sold 17,161 shares of Xylem stock in a transaction on Monday, September 17th. The shares were sold at an average price of $81.37, for a total value of $1,396,390.57. Following the completion of the sale, the insider now directly owns 41,988 shares of the company’s stock, valued at approximately $3,416,563.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,284 shares of company stock valued at $3,839,982. Company insiders own 0.81% of the company’s stock.

Shares of NYSE:XYL opened at $77.74 on Tuesday. The firm has a market capitalization of $14.35 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 1.52 and a beta of 1.22. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 0.86. Xylem Inc has a 52 week low of $62.24 and a 52 week high of $82.44.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.28 billion. Xylem had a return on equity of 19.04% and a net margin of 7.39%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. On average, research analysts anticipate that Xylem Inc will post 2.91 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 20th. Stockholders of record on Thursday, August 30th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Wednesday, August 29th. Xylem’s dividend payout ratio is currently 35.00%.

Several equities analysts have weighed in on XYL shares. Berenberg Bank started coverage on Xylem in a research report on Wednesday, October 3rd. They set a “sell” rating and a $65.00 price target for the company. Zacks Investment Research raised Xylem from a “sell” rating to a “hold” rating and set a $84.00 price target for the company in a research report on Thursday, August 2nd. Oppenheimer reissued a “buy” rating on shares of Xylem in a research report on Tuesday, July 31st. Canaccord Genuity set a $78.00 price objective on Xylem and gave the company a “hold” rating in a research report on Tuesday, July 24th. Finally, Stifel Nicolaus lifted their price objective on Xylem from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. Xylem presently has an average rating of “Hold” and a consensus target price of $81.33.

About Xylem

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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