Xylem Inc. $XYL Stock: EagleClaw Capital Managment LLC Boosts Stake

EagleClaw Capital Managment LLC lifted its holdings in Xylem Inc. (NYSE:XYL) by 22.3% in the third quarter, HoldingsChannel reports. The firm owned 60,490 shares of the industrial products company’s stock after purchasing an additional 11,035 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Xylem were worth $6,126,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. William Mack & Associates Inc. purchased a new stake in Xylem during the third quarter valued at $25,000. Dunhill Financial LLC bought a new position in Xylem during the second quarter valued at $30,000. Avalon Trust Co purchased a new position in shares of Xylem in the 2nd quarter worth $35,000. Orion Capital Management LLC purchased a new position in shares of Xylem in the 2nd quarter worth $35,000. Finally, Aventus Investment Advisors Inc. grew its stake in shares of Xylem by 66.7% in the 2nd quarter. Aventus Investment Advisors Inc. now owns 300 shares of the industrial products company’s stock worth $35,000 after buying an additional 120 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XYL. JPMorgan Chase & Co. downgraded shares of Xylem from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $118.00 to $90.00 in a report on Wednesday, October 28th. Zacks Research downgraded shares of Xylem from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. Citigroup dropped their price target on Xylem from $148.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Oppenheimer reduced their price objective on Xylem from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 28th. Finally, Robert W. Baird set a $123.00 price objective on Xylem in a research report on Wednesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Xylem has an average rating of “Hold” and a consensus price target of $121.31.

Key Xylem News

These are some of the XYL news items that stood out recently:

• Positive Sentiment: Xylem’s board authorized a new share repurchase program of up to $1.5 billion, effective immediately. The company may buy shares on the open market or in private transactions, depending on market conditions. Buybacks can return capital to shareholders and may support per-share results, though the authorization does not guarantee that the full amount will be spent. Xylem Inc. Announces $1.5 Billion Share Repurchase Authorization
• Positive Sentiment: The company declared a fourth-quarter dividend of $0.43 per share, payable December 22 to shareholders of record November 24. The payout provides a cash return to shareholders; the announcement did not specify a dividend increase. Xylem Declares Fourth Quarter Dividend of 43 Cents per Share
• Positive Sentiment: A November 12 report said Xylem acquired Cornell Pump and Roper Pump, expanding its engineered-pumping portfolio for industrial and municipal markets. The additions could broaden its offerings, although the article provides no deal terms or financial contribution details. Xylem Acquires Cornell Pump and Roper Pump to Expand Portfolio

Insider Buying and Selling

In other news, Director D Koch purchased 11,000 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were bought at an average cost of $89.60 per share, for a total transaction of $985,600.00. Following the acquisition, the director owned 12,247 shares of the company’s stock, valued at approximately $1,097,331.20. This trade represents a 882.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.32% of the company’s stock.

Xylem Stock Up 0.2%

NYSE XYL opened at $94.21 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.39 and a debt-to-equity ratio of 0.23. Xylem Inc. has a 52 week low of $87.40 and a 52 week high of $146.76. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.57 and a beta of 1.01. The company has a fifty day moving average of $102.28 and a two-hundred day moving average of $115.33.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, October 27th. The industrial products company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.01). The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Xylem had a net margin of 11.94% and a return on equity of 12.06%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.37 EPS. On average, analysts predict that Xylem Inc. will post 5.45 earnings per share for the current year.

Xylem Profile

Xylem Inc. is a water technology company that develops equipment, software and services for managing water and wastewater. Its offerings include pumps and treatment systems, water-quality testing and analysis, smart meters, monitoring and control technologies, and services for detecting leaks and maintaining water infrastructure. The company serves water and wastewater utilities, industrial and commercial customers, and residential markets. Its technologies support the movement, treatment, testing and efficient use of water across municipal and industrial systems.