Xylem Inc. (NYSE:XYL) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co boosted its position in shares of Xylem Inc. (NYSE:XYL) by 1.6% in the first quarter, Holdings Channel.com reports. The firm owned 13,003 shares of the industrial products company’s stock after acquiring an additional 208 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Xylem were worth $1,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jacobi Capital Management LLC grew its holdings in Xylem by 23.4% during the 1st quarter. Jacobi Capital Management LLC now owns 3,975 shares of the industrial products company’s stock valued at $418,000 after purchasing an additional 753 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new position in Xylem during the 1st quarter worth $4,205,000. Teacher Retirement System of Texas grew its holdings in Xylem by 22.4% during the 1st quarter. Teacher Retirement System of Texas now owns 20,152 shares of the industrial products company’s stock worth $2,120,000 after acquiring an additional 3,683 shares in the last quarter. Waratah Capital Advisors Ltd. acquired a new position in Xylem during the 1st quarter worth $480,000. Finally, Fiera Capital Corp grew its holdings in Xylem by 71.5% during the 1st quarter. Fiera Capital Corp now owns 45,744 shares of the industrial products company’s stock worth $4,811,000 after acquiring an additional 19,070 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

In other Xylem news, SVP Hayati Yarkadas sold 611 shares of the business’s stock in a transaction dated Wednesday, May 12th. The shares were sold at an average price of $117.10, for a total transaction of $71,548.10. Following the sale, the senior vice president now directly owns 8,369 shares in the company, valued at approximately $980,009.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeanne Beliveau-Dunn sold 1,435 shares of the business’s stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $120.56, for a total transaction of $173,003.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,982 shares of company stock worth $2,832,452. 0.90% of the stock is currently owned by insiders.

Several research analysts have weighed in on XYL shares. Morgan Stanley started coverage on shares of Xylem in a report on Wednesday, March 31st. They set an “overweight” rating and a $120.00 price objective for the company. The Goldman Sachs Group raised shares of Xylem from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $73.00 to $107.00 in a report on Wednesday, May 5th. Royal Bank of Canada lifted their price target on shares of Xylem from $112.00 to $127.00 and gave the company an “outperform” rating in a report on Wednesday, May 5th. Zacks Investment Research raised shares of Xylem from a “sell” rating to a “hold” rating and set a $123.00 price target for the company in a report on Thursday, May 6th. Finally, Credit Suisse Group lifted their price target on shares of Xylem from $90.00 to $97.00 and gave the company an “underperform” rating in a report on Wednesday, May 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $97.67.

Shares of NYSE:XYL opened at $118.23 on Friday. The company has a market cap of $21.29 billion, a P/E ratio of 70.80, a PEG ratio of 3.58 and a beta of 1.03. The firm has a 50-day moving average price of $113.51. Xylem Inc. has a fifty-two week low of $60.92 and a fifty-two week high of $121.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.52 and a current ratio of 1.84.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, May 4th. The industrial products company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.19. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a net margin of 6.05% and a return on equity of 14.89%. Xylem’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. As a group, sell-side analysts anticipate that Xylem Inc. will post 2.7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 24th. Investors of record on Thursday, May 27th will be given a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, May 26th. This represents a $1.12 annualized dividend and a yield of 0.95%. Xylem’s dividend payout ratio is presently 54.37%.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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