Lourd Capital LLC bought a new position in shares of Xylem Inc (NYSE:XYL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,255 shares of the industrial products company’s stock, valued at approximately $260,000.
A number of other institutional investors also recently bought and sold shares of XYL. Parnassus Investments CA lifted its holdings in shares of Xylem by 1.2% during the 2nd quarter. Parnassus Investments CA now owns 6,171,524 shares of the industrial products company’s stock valued at $415,837,000 after purchasing an additional 74,982 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Xylem by 38.1% during the 2nd quarter. Janus Henderson Group PLC now owns 3,189,273 shares of the industrial products company’s stock valued at $214,898,000 after purchasing an additional 880,125 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Xylem by 8.3% during the 2nd quarter. Bank of America Corp DE now owns 2,721,844 shares of the industrial products company’s stock valued at $183,398,000 after purchasing an additional 207,898 shares during the last quarter. USS Investment Management Ltd lifted its holdings in shares of Xylem by 43.7% during the 2nd quarter. USS Investment Management Ltd now owns 2,615,320 shares of the industrial products company’s stock valued at $176,220,000 after purchasing an additional 795,628 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Xylem by 5.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,006,332 shares of the industrial products company’s stock valued at $135,187,000 after purchasing an additional 109,516 shares during the last quarter. Institutional investors own 85.85% of the company’s stock.
Several brokerages have recently commented on XYL. Credit Suisse Group began coverage on Xylem in a report on Friday. They set an “outperform” rating for the company. Cowen reiterated a “buy” rating and set a $85.00 price objective on shares of Xylem in a report on Friday. Raymond James began coverage on Xylem in a report on Wednesday, September 5th. They set an “outperform” rating and a $90.00 price objective for the company. BMO Capital Markets upped their target price on Xylem from $83.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, August 1st. Finally, Robert W. Baird reissued a “hold” rating and issued a $80.00 target price on shares of Xylem in a research report on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $81.75.
NYSE XYL opened at $69.77 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.02 and a current ratio of 1.43. Xylem Inc has a 1 year low of $62.24 and a 1 year high of $82.44. The firm has a market capitalization of $14.35 billion, a P/E ratio of 29.07, a PEG ratio of 1.52 and a beta of 1.22.
Xylem (NYSE:XYL) last released its earnings results on Tuesday, July 31st. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. Xylem had a return on equity of 19.04% and a net margin of 7.39%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm earned $0.59 EPS. The firm’s revenue was up 13.1% on a year-over-year basis. On average, analysts expect that Xylem Inc will post 2.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Thursday, November 1st will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, October 31st. Xylem’s payout ratio is 35.00%.
In other Xylem news, insider Paul A. Stellato sold 1,500 shares of the stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $82.00, for a total transaction of $123,000.00. Following the sale, the insider now directly owns 12,796 shares of the company’s stock, valued at approximately $1,049,272. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Colin R. Sabol sold 17,161 shares of the stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $81.37, for a total value of $1,396,390.57. Following the sale, the insider now directly owns 41,988 shares in the company, valued at $3,416,563.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,284 shares of company stock worth $3,839,982. 0.81% of the stock is owned by insiders.
Xylem Company Profile
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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