Great Lakes Advisors LLC Purchases Shares of 132,060 Xylem Inc. (XYL)
Great Lakes Advisors LLC purchased a new position in Xylem Inc. (NYSE:XYL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 132,060 shares of the company’s stock, valued at approximately $6,927,000. Great Lakes Advisors LLC owned approximately 0.07% of Xylem as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Advisor Group Inc. acquired a new stake in Xylem during the second quarter worth approximately $100,000. Mizuho Asset Management Co. Ltd. raised its stake in Xylem by 122.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,323 shares of the company’s stock worth $104,000 after buying an additional 1,277 shares in the last quarter. IFP Advisors Inc raised its stake in Xylem by 113.6% in the second quarter. IFP Advisors Inc now owns 2,489 shares of the company’s stock worth $111,000 after buying an additional 1,324 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Xylem by 41.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,699 shares of the company’s stock worth $120,000 after buying an additional 788 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its stake in Xylem by 9.4% in the second quarter. Glenmede Trust Co. NA now owns 2,908 shares of the company’s stock worth $129,000 after buying an additional 250 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors.
Xylem Inc. (NYSE:XYL) traded up 0.86% during mid-day trading on Wednesday, reaching $51.78. The company had a trading volume of 941,322 shares. The company’s 50-day moving average is $50.32 and its 200-day moving average is $48.42. The stock has a market capitalization of $9.29 billion, a PE ratio of 28.73 and a beta of 1.18. Xylem Inc. has a one year low of $31.67 and a one year high of $54.99.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm earned $897 million during the quarter, compared to analyst estimates of $913.53 million. Xylem had a return on equity of 16.38% and a net margin of 8.83%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. Equities research analysts anticipate that Xylem Inc. will post $2.04 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Wednesday, November 9th will be issued a dividend of $0.1549 per share. This represents a $0.62 annualized dividend and a yield of 1.21%. The ex-dividend date is Monday, November 7th. Xylem’s dividend payout ratio (DPR) is 34.44%.
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XYL has been the subject of a number of research reports. Janney Montgomery Scott upgraded Xylem from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $52.00 in a report on Wednesday, November 2nd. RBC Capital Markets set a $51.00 price objective on Xylem and gave the stock a “buy” rating in a report on Tuesday, August 16th. Northcoast Research initiated coverage on Xylem in a report on Thursday, November 17th. They set a “buy” rating for the company. Canaccord Genuity reiterated a “hold” rating and set a $50.00 price objective (up from $45.00) on shares of Xylem in a report on Tuesday, August 16th. Finally, Stifel Nicolaus increased their price objective on Xylem from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Wednesday, November 2nd. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $47.15.
In other news, insider Colin R. Sabol sold 27,473 shares of the firm’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 transaction, the insider now directly owns 65,530 shares of the company’s stock, valued at $3,336,132.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Claudia S. Toussaint sold 5,300 shares of the firm’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 transaction, the senior vice president now directly owns 44,033 shares in the company, valued at $2,081,439.91. The disclosure for this sale can be found here. Company insiders own 0.77% of the company’s stock.
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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