Phoenix Financial Ltd. Buys Shares of 4,011 Xylem Inc. $XYL

Phoenix Financial Ltd. purchased a new stake in Xylem Inc. (NYSE:XYL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,011 shares of the industrial products company’s stock, valued at approximately $592,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Impax Asset Management Group plc grew its position in Xylem by 13.7% in the second quarter. Impax Asset Management Group plc now owns 5,499,688 shares of the industrial products company’s stock worth $709,183,000 after acquiring an additional 663,191 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new stake in Xylem in the third quarter valued at $1,148,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Xylem by 19.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 56,216 shares of the industrial products company’s stock valued at $8,292,000 after purchasing an additional 8,960 shares during the last quarter. XXEC Inc. lifted its stake in shares of Xylem by 66.0% in the 2nd quarter. XXEC Inc. now owns 33,698 shares of the industrial products company’s stock valued at $4,359,000 after purchasing an additional 13,404 shares during the last quarter. Finally, Burney Co. grew its holdings in shares of Xylem by 220.5% during the 3rd quarter. Burney Co. now owns 18,574 shares of the industrial products company’s stock worth $2,740,000 after purchasing an additional 12,779 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Down 3.5%

Shares of XYL opened at $135.49 on Thursday. The company’s 50-day simple moving average is $139.65 and its 200-day simple moving average is $141.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.50 and a current ratio of 1.96. Xylem Inc. has a 1 year low of $100.47 and a 1 year high of $154.27. The stock has a market capitalization of $32.99 billion, a PE ratio of 34.83, a P/E/G ratio of 1.99 and a beta of 1.17.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Xylem had a net margin of 10.66% and a return on equity of 10.77%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 earnings per share. Analysts forecast that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, November 25th were paid a $0.40 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Xylem’s payout ratio is 41.13%.

Insider Buying and Selling at Xylem

In other news, Director Victoria D. Harker sold 1,700 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $148.14, for a total transaction of $251,838.00. Following the sale, the director owned 16,875 shares of the company’s stock, valued at approximately $2,499,862.50. This represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Argus set a $170.00 price objective on shares of Xylem in a report on Wednesday, October 29th. Zacks Research cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. TD Cowen reissued a “hold” rating on shares of Xylem in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xylem in a research report on Monday, December 29th. Finally, William Blair started coverage on shares of Xylem in a report on Monday. They issued an “outperform” rating for the company. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $165.80.

Xylem Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.