Northern Trust Corp lowered its holdings in shares of Xylem Inc. (NYSE:XYL) by 0.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,060,791 shares of the industrial products company’s stock after selling 17,403 shares during the period. Northern Trust Corp owned about 1.15% of Xylem worth $114,230,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Farmers & Merchants Investments Inc. increased its holdings in Xylem by 0.7% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 25 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Xylem by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock worth $740,000 after purchasing an additional 39 shares in the last quarter. National Asset Management Inc. increased its holdings in Xylem by 0.5% in the 1st quarter. National Asset Management Inc. now owns 8,778 shares of the industrial products company’s stock worth $442,000 after purchasing an additional 48 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Xylem by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after purchasing an additional 58 shares in the last quarter. Finally, Page Arthur B increased its holdings in Xylem by 0.5% in the 2nd quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock worth $798,000 after purchasing an additional 70 shares in the last quarter. 86.43% of the stock is owned by institutional investors.

In related news, insider Kenneth Napolitano sold 9,052 shares of the business’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 approximately $2,123,828.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by insiders.

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A number of equities analysts have issued reports on XYL shares. BidaskClub raised Xylem from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. BMO Capital Markets started coverage on Xylem in a report on Wednesday, June 21st. They issued an “outperform” rating and a $60.00 target price for the company. Boenning Scattergood reaffirmed an “outperform” rating on shares of Xylem in a report on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $52.00 target price on shares of Xylem in a report on Thursday, July 6th. Finally, Oppenheimer Holdings, Inc. set a $58.00 target price on Xylem and gave the stock a “buy” rating in a report on Tuesday, June 20th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $59.67.

Shares of Xylem Inc. (XYL) opened at 63.00 on Thursday. The company has a market cap of $11.31 billion, a price-to-earnings ratio of 40.67 and a beta of 1.17. Xylem Inc. has a 12 month low of $45.60 and a 12 month high of $64.80. The company’s 50 day moving average price is $60.96 and its 200 day moving average price is $54.45.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, beating 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 business 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. The business’s revenue was up 24.9% on a year-over-year basis. 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 was paid on Wednesday, September 20th. Investors of record on Thursday, August 31st were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.14%. Xylem’s payout ratio is currently 46.45%.

Xylem 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.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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