Xylem Inc. $XYL Shares Newly Bought by Jmac Enterprises LLC

Jmac Enterprises LLC bought a new stake in shares of Xylem Inc. (NYSE:XYL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,300 shares of the industrial products company’s stock, valued at approximately $537,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Xylem by 0.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 27,923 shares of the industrial products company’s stock worth $3,337,000 after acquiring an additional 100 shares in the last quarter. Thrive Wealth Management LLC grew its stake in Xylem by 2.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 5,032 shares of the industrial products company’s stock valued at $595,000 after purchasing an additional 104 shares in the last quarter. World Investment Advisors grew its stake in Xylem by 3.7% during the 1st quarter. World Investment Advisors now owns 3,319 shares of the industrial products company’s stock valued at $397,000 after purchasing an additional 119 shares in the last quarter. Aventus Investment Advisors Inc. grew its stake in Xylem by 66.7% during the 2nd quarter. Aventus Investment Advisors Inc. now owns 300 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Aprio Wealth Management LLC increased its holdings in Xylem by 6.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 2,114 shares of the industrial products company’s stock worth $214,000 after purchasing an additional 123 shares during the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Xylem Price Performance

Shares of XYL opened at $100.96 on Thursday. The firm has a market cap of $23.15 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.61 and a beta of 1.01. The stock has a 50 day moving average of $104.12 and a 200-day moving average of $116.91. The company has a current ratio of 1.39, a quick ratio of 1.02 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 $152.43.

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

Xylem Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, August 27th. This represents a $1.72 annualized dividend and a yield of 1.7%. Xylem’s payout ratio is presently 38.05%.

Insider Buying and Selling at Xylem

In other Xylem news, Director D Koch purchased 11,000 shares of Xylem stock in a transaction dated 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 transaction, the director owned 12,247 shares in the company, valued at $1,097,331.20. This represents a 882.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XYL shares. Wolfe Research started coverage on Xylem in a research report on Tuesday, September 15th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group decreased their price target on shares of Xylem from $160.00 to $138.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Stifel Nicolaus decreased their price target on shares of Xylem from $141.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Oppenheimer dropped their price target on shares of Xylem from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Finally, Mizuho set a $99.00 price target on shares of Xylem in a report on Wednesday, October 28th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $121.31.

About Xylem

Xylem Inc (NYSE: XYL) is a global water technology company that develops products and services for the transportation, treatment, testing and efficient use of water and wastewater. Its offerings support municipal water and wastewater utilities, industrial customers, commercial facilities and residential applications.

The company’s products and solutions include water and wastewater pumps, treatment systems, dewatering equipment, smart meters, monitoring and control technologies, leak detection tools, and data-driven analytics.