Calamos Advisors LLC Has $10.20 Million Stock Position in Xylem Inc. (NYSE:XYL)

Calamos Advisors LLC lowered its stake in Xylem Inc. (NYSE:XYL) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,147 shares of the industrial products company’s stock after selling 1,164 shares during the period. Calamos Advisors LLC’s holdings in Xylem were worth $10,195,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in XYL. First Trust Advisors LP lifted its position in shares of Xylem by 399.3% in the first quarter. First Trust Advisors LP now owns 2,951,349 shares of the industrial products company’s stock worth $251,632,000 after buying an additional 2,360,214 shares during the last quarter. Morgan Stanley lifted its position in shares of Xylem by 145.5% in the fourth quarter. Morgan Stanley now owns 3,731,215 shares of the industrial products company’s stock worth $412,561,000 after buying an additional 2,211,083 shares during the last quarter. Norges Bank acquired a new stake in shares of Xylem in the fourth quarter worth about $197,762,000. Vanguard Group Inc. lifted its position in shares of Xylem by 7.6% in the first quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock worth $1,738,529,000 after buying an additional 1,435,798 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Xylem by 53.6% in the first quarter. Invesco Ltd. now owns 3,828,177 shares of the industrial products company’s stock worth $326,390,000 after buying an additional 1,335,241 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. BNP Paribas assumed coverage on Xylem in a research report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price objective for the company. Oppenheimer boosted their price objective on Xylem from $133.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada boosted their price objective on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Robert W. Baird boosted their price objective on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Finally, Citigroup boosted their price objective on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $138.11.

Xylem Trading Up 0.5 %

XYL stock opened at $127.84 on Friday. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $130.86. The firm has a market cap of $30.99 billion, a P/E ratio of 47.00, a P/E/G ratio of 2.53 and a beta of 1.10. The business’s 50 day moving average is $127.01 and its 200-day moving average is $112.36. The company has a current ratio of 1.76, a quick ratio of 1.30 and a debt-to-equity ratio of 0.22.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was up 40.6% compared to the same quarter last year. Equities analysts anticipate that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were paid a $0.36 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Tuesday, February 20th. Xylem’s dividend payout ratio is currently 52.94%.

Insider Activity

In other news, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.