Victory Capital Management Inc. increased its position in shares of Xylem Inc (NYSE:XYL) by 9.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,298,043 shares of the industrial products company’s stock after buying an additional 195,532 shares during the period. Victory Capital Management Inc. owned about 1.28% of Xylem worth $127,381,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in XYL. CENTRAL TRUST Co increased its stake in Xylem by 160.3% in the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock worth $146,000 after buying an additional 1,635 shares during the last quarter. FNY Partners Fund LP bought a new stake in Xylem during the first quarter worth $151,000. Federated Investors Inc. PA increased its stake in Xylem by 5.8% in the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock worth $182,000 after buying an additional 181 shares during the last quarter. Pacer Advisors Inc. increased its stake in Xylem by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,701 shares of the industrial products company’s stock worth $186,000 after buying an additional 121 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Xylem by 4.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,730 shares of the industrial products company’s stock worth $187,000 after buying an additional 163 shares during the last quarter. 87.16% of the stock is currently owned by institutional investors.

Xylem Inc (NYSE XYL) opened at 59.99 on Thursday. The firm has a market capitalization of $10.77 billion, a P/E ratio of 38.73 and a beta of 1.18. The stock’s 50 day moving average is $57.81 and its 200-day moving average is $52.56. Xylem Inc has a 1-year low of $45.60 and a 1-year high of $60.71.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Xylem had a net margin of 8.59% and a return on equity of 17.20%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $0.48 EPS. Xylem’s revenue for the quarter was up 24.9% on a year-over-year basis. Analysts forecast that Xylem Inc will post $2.37 EPS for the current year.

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, August 29th. Xylem’s payout ratio is presently 46.45%.

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XYL has been the topic of a number of recent research reports. CIBC reaffirmed a “buy” rating on shares of Xylem in a report on Wednesday, May 10th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Xylem in a research note on Tuesday, May 9th. Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $59.42.

In other news, insider Kenneth Napolitano sold 9,052 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the sale, the insider now owns 35,303 shares of the company’s stock, valued at approximately $2,123,828.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven R. Loranger sold 66,132 shares of the firm’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 sale, the director now directly owns 65,030 shares in the company, valued at approximately $3,577,300.30. The disclosure for this sale can be found here. Company 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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