Kanawha Capital Management LLC boosted its stake in Xylem Inc. (NYSE:XYL) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,850 shares of the company’s stock after buying an additional 450 shares during the period. Kanawha Capital Management LLC’s holdings in Xylem were worth $1,422,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of XYL. Invictus RG bought a new stake in shares of Xylem during the first quarter worth approximately $142,000. BlueMountain Capital Management LLC bought a new stake in shares of Xylem during the first quarter worth approximately $180,000. MAI Capital Management bought a new stake in shares of Xylem during the second quarter worth approximately $210,000. Gardiner Nancy B bought a new stake in shares of Xylem during the first quarter worth approximately $204,000. Finally, Chilton Capital Management LLC bought a new stake in shares of Xylem during the first quarter worth approximately $218,000. 84.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Xylem Inc. (NYSE:XYL) traded up 0.06% during trading on Tuesday, hitting $49.23. 988,991 shares of the stock traded hands. The firm has a market cap of $8.82 billion, a P/E ratio of 26.28 and a beta of 1.14. The company has a 50-day moving average of $50.85 and a 200-day moving average of $46.60. Xylem Inc. has a 52 week low of $31.67 and a 52 week high of $53.25.
Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The company had revenue of $932 million for the quarter, compared to analysts’ expectations of $927.69 million. Xylem had a return on equity of 16.41% and a net margin of 9.22%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 earnings per share. On average, analysts forecast that Xylem Inc. will post $2.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 9th will be issued a dividend of $0.1549 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, November 7th. Xylem’s dividend payout ratio (DPR) is currently 33.16%.
A number of brokerages have commented on XYL. RBC Capital Markets set a $51.00 price objective on shares of Xylem and gave the stock a “buy” rating in a report on Tuesday, August 16th. Barclays PLC increased their price objective on shares of Xylem from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, July 18th. Canaccord Genuity reissued a “hold” rating and set a $50.00 price objective (up previously from $45.00) on shares of Xylem in a report on Tuesday, August 16th. Zacks Investment Research lowered shares of Xylem from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Finally, Royal Bank Of Canada upped their target price on shares of Xylem from $47.00 to $51.00 and gave the company an “outperform” rating in a research report on Tuesday, August 16th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $45.00.
In other news, insider Colin R. Sabol sold 27,473 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $50.91, for a total transaction of $1,398,650.43. Following the sale, the insider now directly owns 65,530 shares in the company, valued at $3,336,132.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Tomas Brannemo sold 8,524 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $50.06, for a total value of $426,711.44. The disclosure for this sale can be found here. Insiders own 0.77% of the company’s stock.
Xylem Company Profile
Xylem Inc is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company 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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