369,550 Shares in Xylem Inc. (XYL) Acquired by Delta Lloyd Asset Management N.V.
Delta Lloyd Asset Management N.V. acquired a new stake in shares of Xylem Inc. (NYSE:XYL) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 369,550 shares of the industrial products company’s stock, valued at approximately $20,484,000. Delta Lloyd Asset Management N.V. owned 0.21% of Xylem as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Xylem by 2,452.8% in the first quarter. BlackRock Inc. now owns 12,042,342 shares of the industrial products company’s stock worth $604,765,000 after buying an additional 11,570,613 shares during the period. USS Investment Management Ltd purchased a new position in shares of Xylem during the second quarter worth $91,840,000. MARSHALL WACE ASIA Ltd purchased a new position in shares of Xylem during the first quarter worth $54,623,000. Marshall Wace North America L.P. purchased a new position in shares of Xylem during the first quarter worth $54,623,000. Finally, Pictet Asset Management Ltd. raised its position in shares of Xylem by 34.3% in the first quarter. Pictet Asset Management Ltd. now owns 4,024,188 shares of the industrial products company’s stock worth $202,095,000 after buying an additional 1,027,438 shares during the period. Hedge funds and other institutional investors own 86.47% of the company’s stock.
Xylem Inc. (NYSE:XYL) traded up 0.47% during trading on Thursday, reaching $61.84. The company’s stock had a trading volume of 160,441 shares. Xylem Inc. has a 12 month low of $45.60 and a 12 month high of $61.97. The stock’s 50 day moving average is $58.12 and its 200 day moving average is $52.71. The company has a market cap of $11.10 billion, a price-to-earnings ratio of 39.92 and a beta of 1.18.
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. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The company’s revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. On average, equities analysts expect that Xylem Inc. will post $2.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.72 annualized dividend and a dividend yield of 1.17%. Xylem’s payout ratio is 46.45%.
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A number of equities analysts have recently weighed in on XYL shares. CIBC reiterated a “buy” rating on shares of Xylem in a research note on Wednesday, May 10th. BMO Capital Markets increased their target price on Xylem from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Canaccord Genuity reiterated a “hold” rating and set a $50.00 target price on shares of Xylem in a research note on Friday, July 28th. Royal Bank Of Canada increased their target price on Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $52.00 target price on shares of Xylem in a research note on Friday, May 26th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $59.42.
In other news, insider Kenneth Napolitano sold 9,052 shares of the firm’s stock in a transaction on 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 directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven R. Loranger sold 66,132 shares of the firm’s stock in a transaction on 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 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 company insiders.
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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