Cincinnati Insurance Co. Purchases 40,000 Shares of Xylem Inc. $XYL

Cincinnati Insurance Co. increased its position in Xylem Inc. (NYSE:XYL) by 12.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 361,700 shares of the industrial products company’s stock after acquiring an additional 40,000 shares during the period. Cincinnati Insurance Co.’s holdings in Xylem were worth $36,629,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of XYL. Ashton Thomas Private Wealth LLC boosted its stake in Xylem by 31.9% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 9,334 shares of the industrial products company’s stock valued at $945,000 after purchasing an additional 2,259 shares during the period. CenterBook Partners LP increased its stake in shares of Xylem by 13.9% in the third quarter. CenterBook Partners LP now owns 6,390 shares of the industrial products company’s stock valued at $647,000 after purchasing an additional 782 shares during the period. Heritage Family Offices LLP bought a new stake in shares of Xylem during the third quarter valued at approximately $63,000. Calamos Advisors LLC raised its holdings in shares of Xylem by 2.1% during the third quarter. Calamos Advisors LLC now owns 79,741 shares of the industrial products company’s stock valued at $8,075,000 after buying an additional 1,613 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of Xylem by 34.8% during the third quarter. Kestra Advisory Services LLC now owns 15,819 shares of the industrial products company’s stock valued at $1,602,000 after buying an additional 4,088 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XYL has been the subject of several analyst reports. JPMorgan Chase & Co. downgraded Xylem from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $118.00 to $90.00 in a research report on Wednesday, October 28th. Royal Bank Of Canada cut their target price on Xylem from $135.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 28th. Citigroup reduced their price target on Xylem from $148.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Argus lowered Xylem from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Weiss Ratings cut Xylem from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Xylem presently has an average rating of “Hold” and an average price target of $121.31.

Insider Activity at Xylem

In other news, Director D Koch acquired 11,000 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were bought at an average price of $89.60 per share, with a total value of $985,600.00. Following the purchase, the director owned 12,247 shares of the company’s stock, valued at approximately $1,097,331.20. This represents a 882.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.32% of the company’s stock.

Xylem Price Performance

NYSE XYL opened at $97.88 on Friday. Xylem Inc. has a 12 month low of $87.40 and a 12 month high of $152.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 1.02. The firm has a market capitalization of $22.45 billion, a PE ratio of 21.65, a P/E/G ratio of 1.63 and a beta of 1.01. The company’s 50 day simple moving average is $103.56 and its 200 day simple moving average is $116.48.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, October 27th. The industrial products company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.01). The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.28 billion. Xylem had a return on equity of 12.06% and a net margin of 11.94%. Xylem’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. As a group, equities research analysts forecast that Xylem Inc. will post 5.45 EPS for the current fiscal year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, August 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.8%. Xylem’s dividend payout ratio (DPR) is 38.05%.

About Xylem

Xylem Inc is a water technology company that develops equipment, software and services for managing water and wastewater. Its offerings include pumps and treatment systems, water-quality testing and analysis, smart meters, monitoring and control technologies, and services for detecting leaks and maintaining water infrastructure.

The company serves water and wastewater utilities, industrial and commercial customers, and residential markets. Its technologies support the movement, treatment, testing and efficient use of water across municipal and industrial systems.

Xylem was established in 2011 when it became an independent company following its spin-off from ITT Corporation.