Amalgamated Bank raised its holdings in Xylem Inc. (NYSE:XYL) by 24.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,696 shares of the industrial products company’s stock after buying an additional 6,912 shares during the period. Amalgamated Bank’s holdings in Xylem were worth $1,979,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XYL. Bank of America Corp DE grew its position in shares of Xylem by 4.2% in the 1st quarter. Bank of America Corp DE now owns 2,251,684 shares of the industrial products company’s stock valued at $113,079,000 after acquiring an additional 91,478 shares during the period. Toronto Dominion Bank grew its position in shares of Xylem by 56.6% in the 1st quarter. Toronto Dominion Bank now owns 48,431 shares of the industrial products company’s stock valued at $2,433,000 after acquiring an additional 17,497 shares during the period. Highland Capital Management LLC bought a new position in shares of Xylem in the 2nd quarter valued at about $560,000. Chilton Investment Co. LLC grew its position in shares of Xylem by 83.8% in the 2nd quarter. Chilton Investment Co. LLC now owns 983,214 shares of the industrial products company’s stock valued at $54,500,000 after acquiring an additional 448,212 shares during the period. Finally, Aviva PLC grew its position in shares of Xylem by 1.2% in the 2nd quarter. Aviva PLC now owns 112,110 shares of the industrial products company’s stock valued at $6,214,000 after acquiring an additional 1,280 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.

Xylem Inc. (NYSE:XYL) opened at 63.66 on Tuesday. Xylem Inc. has a 12 month low of $45.60 and a 12 month high of $63.76. The firm has a market capitalization of $11.43 billion, a PE ratio of 41.10 and a beta of 1.17. The stock has a 50 day moving average of $60.76 and a 200 day moving average of $54.34.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.48 earnings per share. On average, equities analysts predict that Xylem Inc. will post $2.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.13%. Xylem’s dividend payout ratio is presently 46.45%.

In other news, insider Kenneth Napolitano sold 9,052 shares of the firm’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 directly owns 35,303 shares in the company, valued at $2,123,828.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven R. Loranger sold 66,132 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 65,030 shares of the company’s stock, 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.

A number of brokerages have recently commented on XYL. Cowen and Company reissued 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. BMO Capital Markets lifted their price objective on shares of Xylem from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $66.00 price objective (up previously from $60.00) on shares of Xylem in a research report on Tuesday, August 1st. BidaskClub downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada lifted 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. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $59.67.

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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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