BB&T Corp reduced its position in shares of Xylem Inc. (NYSE:XYL) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,882 shares of the industrial products company’s stock after selling 1,818 shares during the period. BB&T Corp’s holdings in Xylem were worth $3,042,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in XYL. GSA Capital Partners LLP acquired a new stake in Xylem during the fourth quarter worth about $224,000. Quadrature Capital Ltd acquired a new stake in Xylem during the fourth quarter worth about $4,626,000. Perigon Wealth Management LLC purchased a new position in Xylem during the fourth quarter valued at $586,000. Teachers Advisors LLC boosted its position in Xylem by 23.1% in the fourth quarter. Teachers Advisors LLC now owns 242,609 shares of the industrial products company’s stock valued at $12,014,000 after buying an additional 45,505 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new position in Xylem during the fourth quarter valued at $645,000. Hedge funds and other institutional investors own 87.16% of the company’s stock.

Xylem Inc. (NYSE:XYL) traded up 0.14% during trading on Friday, hitting $59.03. The company’s stock had a trading volume of 630,930 shares. The firm has a market cap of $10.60 billion, a P/E ratio of 38.11 and a beta of 1.18. The firm has a 50 day moving average of $57.50 and a 200 day moving average of $52.31. Xylem Inc. has a 12 month low of $45.60 and a 12 month high of $60.71.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm posted $0.48 EPS. Xylem’s revenue was up 24.9% compared to the same quarter last year. Equities research analysts predict that Xylem Inc. will post $2.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, August 29th. Xylem’s dividend payout ratio is currently 46.45%.

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A number of research firms have commented on XYL. Cowen and Company reissued an “outperform” rating and issued a $70.00 target price (up previously from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Xylem in a research report on Monday, May 22nd. Royal Bank Of Canada boosted their target price 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 reaffirmed a “hold” rating and issued a $52.00 price target on shares of Xylem in a research note on Thursday, July 6th. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $55.00 price target on shares of Xylem in a research note on Wednesday, June 7th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $59.00.

In related news, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the transaction, the director now directly owns 65,030 shares in the company, valued at $3,577,300.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the completion of the transaction, the insider now owns 35,303 shares in the company, valued at $2,123,828.48. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

About Xylem

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.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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