Private Asset Management Inc. Has $5,154,000 Position in Xylem Inc. (XYL)
Private Asset Management Inc. reduced its stake in Xylem Inc. (NYSE:XYL) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,258 shares of the company’s stock after selling 400 shares during the period. Private Asset Management Inc. owned 0.05% of Xylem worth $5,154,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of XYL. FMR LLC boosted its stake in Xylem by 74.1% in the second quarter. FMR LLC now owns 5,956,085 shares of the company’s stock valued at $265,940,000 after buying an additional 2,534,911 shares in the last quarter. Bessemer Group Inc. boosted its stake in Xylem by 43,570.6% in the second quarter. Bessemer Group Inc. now owns 1,593,977 shares of the company’s stock valued at $71,171,000 after buying an additional 1,590,327 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Xylem during the first quarter valued at approximately $35,673,000. Janus Capital Management LLC boosted its stake in Xylem by 225.0% in the second quarter. Janus Capital Management LLC now owns 1,215,657 shares of the company’s stock valued at $54,279,000 after buying an additional 841,565 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Xylem by 190.6% in the second quarter. American Century Companies Inc. now owns 1,161,281 shares of the company’s stock valued at $51,851,000 after buying an additional 761,695 shares in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.
Shares of Xylem Inc. (NYSE:XYL) traded down 0.73% during mid-day trading on Wednesday, hitting $54.35. 1,966,722 shares of the stock were exchanged. The stock has a 50-day moving average price of $50.10 and a 200 day moving average price of $47.74. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 30.16 and a beta of 1.18. Xylem Inc. has a 52-week low of $31.67 and a 52-week high of $54.89.
Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The firm had revenue of $897 million for the quarter, compared to analysts’ expectations of $913.53 million. Xylem had a net margin of 8.83% and a return on equity of 16.38%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. On average, equities research analysts expect that Xylem Inc. will post $2.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 9th will be issued a $0.1549 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, November 7th. Xylem’s payout ratio is presently 34.44%.
Several equities research analysts have recently commented on XYL shares. Atlantic Securities raised shares of Xylem from a “neutral” rating to an “overweight” rating and set a $54.00 target price for the company in a research report on Monday, August 22nd. Royal Bank Of Canada raised their target price on shares of Xylem from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Janney Montgomery Scott raised shares of Xylem from a “neutral” rating to a “buy” rating and lifted their price target for the company from $50.00 to $52.00 in a research report on Wednesday, November 2nd. Canaccord Genuity reissued a “hold” rating and set a $50.00 price target (up from $45.00) on shares of Xylem in a research report on Tuesday, August 16th. Finally, Stifel Nicolaus lifted their price target on shares of Xylem from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, November 2nd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Xylem currently has a consensus rating of “Hold” and a consensus price target of $46.69.
In related news, SVP Claudia S. Toussaint sold 5,300 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $47.27, for a total value of $250,531.00. Following the completion of the sale, the senior vice president now directly owns 44,033 shares of the company’s stock, valued at $2,081,439.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Colin R. Sabol sold 27,473 shares of the company’s 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 completion of the sale, the insider now directly owns 65,530 shares of the company’s stock, valued at $3,336,132.30. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by corporate insiders.
Xylem Company Profile
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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