Greenleaf Trust Decreases Stake in Xylem Inc (XYL)

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Greenleaf Trust decreased its position in Xylem Inc (NYSE:XYL) by 5.9% in the 1st quarter, HoldingsChannel reports. The fund owned 2,855 shares of the industrial products company’s stock after selling 179 shares during the period. Greenleaf Trust’s holdings in Xylem were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of XYL. Sandy Spring Bank lifted its holdings in shares of Xylem by 101.2% in the 1st quarter. Sandy Spring Bank now owns 338 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 170 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Xylem in the 1st quarter worth approximately $28,000. Liberty Wealth Management LLC bought a new stake in shares of Xylem in the 4th quarter worth approximately $35,000. Doyle Wealth Management bought a new stake in shares of Xylem in the 4th quarter worth approximately $36,000. Finally, Harvest Group Wealth Management LLC bought a new stake in shares of Xylem in the 1st quarter worth approximately $46,000. Institutional investors own 85.45% of the company’s stock.

In other news, SVP Tomas Brannemo sold 2,621 shares of Xylem stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $75.05, for a total transaction of $196,706.05. Following the transaction, the senior vice president now directly owns 12,774 shares in the company, valued at approximately $958,688.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven R. Loranger sold 10,000 shares of Xylem stock in a transaction on Friday, March 15th. The shares were sold at an average price of $76.99, for a total value of $769,900.00. Following the transaction, the director now owns 26,744 shares in the company, valued at $2,059,020.56. The disclosure for this sale can be found here. Insiders have sold a total of 67,901 shares of company stock worth $5,361,715 in the last ninety days. 0.85% of the stock is owned by company insiders.

XYL has been the topic of several recent research reports. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Monday, February 4th. Oppenheimer set a $80.00 price target on Xylem and gave the stock a “buy” rating in a report on Monday, February 4th. Stifel Nicolaus cut their price target on Xylem from $93.00 to $89.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Janney Montgomery Scott raised Xylem from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Friday, May 3rd. Finally, ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $78.93.

Shares of Xylem stock opened at $73.93 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.02 and a current ratio of 1.44. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15. Xylem Inc has a 1-year low of $60.65 and a 1-year high of $84.41.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.06). The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.25 billion. Xylem had a net margin of 10.50% and a return on equity of 19.46%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. On average, research analysts forecast that Xylem Inc will post 3.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.30%. The ex-dividend date is Wednesday, May 29th. Xylem’s payout ratio is currently 33.33%.

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Xylem Profile

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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