Gamco Investors INC. ET AL lowered its stake in shares of Xylem Inc. (NYSE:XYL) by 6.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,131,527 shares of the industrial products company’s stock after selling 233,709 shares during the period. Xylem comprises about 1.1% of Gamco Investors INC. ET AL’s holdings, making the stock its 14th largest position. Gamco Investors INC. ET AL owned about 1.74% of Xylem worth $173,581,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of XYL. Farmers & Merchants Investments Inc. boosted its stake in shares of Xylem by 0.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock valued at $191,000 after buying an additional 25 shares during the last quarter. National Asset Management Inc. boosted its stake in shares of Xylem by 0.5% in the first quarter. National Asset Management Inc. now owns 8,778 shares of the industrial products company’s stock valued at $442,000 after buying an additional 48 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Xylem by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock valued at $980,000 after buying an additional 58 shares during the last quarter. Page Arthur B boosted its stake in shares of Xylem by 0.5% in the second quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock valued at $798,000 after buying an additional 70 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Xylem by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 15,560 shares of the industrial products company’s stock valued at $862,000 after buying an additional 87 shares during the last quarter. Institutional investors own 87.16% of the company’s stock.

Shares of Xylem Inc. (NYSE:XYL) opened at 59.93 on Thursday. The company has a market capitalization of $10.76 billion, a PE ratio of 38.69 and a beta of 1.18. Xylem Inc. has a one year low of $45.60 and a one year high of $60.71. The stock has a 50 day moving average of $57.27 and a 200-day moving average of $52.19.

Xylem (NYSE:XYL) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share. On average, equities analysts forecast that Xylem Inc. will post $2.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Thursday, August 31st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.20%. Xylem’s payout ratio is 46.45%.

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A number of analysts recently commented on XYL shares. Cowen and Company restated an “outperform” rating and issued a $70.00 price objective (up previously from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Xylem in a research report on Monday, May 22nd. Royal Bank Of Canada upped their price objective on shares of Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus restated a “hold” rating and issued a $52.00 price objective on shares of Xylem in a research report on Thursday, July 6th. Finally, Boenning Scattergood restated a “buy” rating and issued a $55.00 price objective on shares of Xylem in a research report on Wednesday, June 7th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Xylem presently has a consensus rating of “Buy” and a consensus target price of $59.00.

In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the transaction, the insider now directly owns 35,303 shares in the company, valued at $2,123,828.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven R. Loranger sold 66,132 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the completion of the transaction, the director now owns 65,030 shares in the company, valued at $3,577,300.30. The disclosure for this sale can be found here. 0.75% of the stock is owned by insiders.

Xylem Company Profile

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It 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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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