Close Asset Management Ltd Lowers Stock Holdings in Xylem Inc (NYSE:XYL)

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Close Asset Management Ltd trimmed its holdings in shares of Xylem Inc (NYSE:XYL) by 17.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,631 shares of the industrial products company’s stock after selling 2,616 shares during the period. Close Asset Management Ltd’s holdings in Xylem were worth $1,005,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Somerville Kurt F increased its position in shares of Xylem by 7.6% during the third quarter. Somerville Kurt F now owns 90,175 shares of the industrial products company’s stock valued at $7,180,000 after acquiring an additional 6,390 shares in the last quarter. Great Lakes Advisors LLC grew its position in Xylem by 13.9% in the 3rd quarter. Great Lakes Advisors LLC now owns 5,621 shares of the industrial products company’s stock worth $448,000 after purchasing an additional 686 shares during the period. Puzo Michael J grew its position in Xylem by 1.2% in the 3rd quarter. Puzo Michael J now owns 37,729 shares of the industrial products company’s stock worth $3,004,000 after purchasing an additional 437 shares during the period. Perennial Advisors LLC grew its position in Xylem by 1.8% in the 3rd quarter. Perennial Advisors LLC now owns 40,608 shares of the industrial products company’s stock worth $3,233,000 after purchasing an additional 720 shares during the period. Finally, D.A. Davidson & CO. grew its position in Xylem by 58.4% in the 3rd quarter. D.A. Davidson & CO. now owns 27,155 shares of the industrial products company’s stock worth $2,162,000 after purchasing an additional 10,008 shares during the period. Hedge funds and other institutional investors own 84.94% of the company’s stock.

XYL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Xylem from a “hold” rating to a “sell” rating and set a $82.00 target price for the company. in a research report on Monday, October 14th. Seaport Global Securities downgraded shares of Xylem from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Cfra downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Credit Suisse Group set a $78.00 target price on shares of Xylem and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada set a $79.00 target price on shares of Xylem and gave the stock a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $82.30.

In other Xylem news, SVP Colin R. Sabol sold 4,099 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $78.37, for a total value of $321,238.63. Following the sale, the senior vice president now owns 33,518 shares in the company, valued at approximately $2,626,805.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kenneth Napolitano sold 5,000 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $75.90, for a total transaction of $379,500.00. Following the completion of the sale, the senior vice president now owns 36,228 shares in the company, valued at approximately $2,749,705.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,959 shares of company stock worth $1,313,986. Corporate insiders own 0.85% of the company’s stock.

Shares of XYL stock traded down $0.46 during mid-day trading on Wednesday, reaching $76.18. 221,818 shares of the company’s stock traded hands, compared to its average volume of 838,424. Xylem Inc has a 12 month low of $60.65 and a 12 month high of $85.67. The firm has a 50 day moving average price of $78.66 and a two-hundred day moving average price of $78.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.15 and a current ratio of 1.55. The firm has a market capitalization of $13.93 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18.

Xylem (NYSE:XYL) last released its earnings results on Thursday, October 31st. The industrial products company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. Xylem had a net margin of 9.65% and a return on equity of 19.14%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company earned $0.77 EPS. Xylem’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts expect that Xylem Inc will post 3.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.26%. The ex-dividend date is Wednesday, October 30th. Xylem’s payout ratio is currently 33.33%.

Xylem Company 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.

See Also: Differences Between Momentum Investing and Long Term Investing

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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