5,300 Shares of Xylem Inc. $XYL Acquired by Jmac Enterprises LLC

Jmac Enterprises LLC purchased a new stake in Xylem Inc. (NYSE:XYL) during the 3rd quarter, Holdings Channel reports. The firm purchased 5,300 shares of the industrial products company’s stock, valued at approximately $537,000.

A number of other hedge funds and other institutional investors have also modified their holdings of XYL. William Mack & Associates Inc. acquired a new stake in shares of Xylem in the 3rd quarter worth approximately $25,000. Dunhill Financial LLC bought a new stake in Xylem during the second quarter worth approximately $30,000. Avalon Trust Co acquired a new stake in Xylem in the second quarter worth approximately $35,000. Orion Capital Management LLC acquired a new stake in Xylem in the second quarter worth approximately $35,000. Finally, Aventus Investment Advisors Inc. boosted 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. 87.96% of the stock is currently owned by institutional investors.

Xylem Price Performance

Shares of NYSE:XYL opened at $100.96 on Thursday. The company’s fifty day moving average is $104.12 and its two-hundred day moving average is $116.91. The company has a market cap of $23.15 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 1.61 and a beta of 1.01. Xylem Inc. has a 12-month low of $87.40 and a 12-month high of $152.43. 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 (NYSE:XYL) last issued its earnings results on Tuesday, October 27th. The industrial products company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.01). The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.28 billion. Xylem had a return on equity of 12.06% and a net margin of 11.94%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business earned $1.37 EPS. Equities analysts expect that Xylem Inc. will post 5.45 earnings per share for the current fiscal year.

Xylem Dividend Announcement

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

Insider Transactions at Xylem

In other Xylem news, Director D Koch acquired 11,000 shares of Xylem stock in a transaction that occurred on Thursday, October 29th. The stock was purchased at an average cost of $89.60 per share, with a total value of $985,600.00. Following the purchase, the director owned 12,247 shares in the company, valued at approximately $1,097,331.20. The trade was a 882.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XYL. Zacks Research cut Xylem from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 29th. Royal Bank Of Canada cut their price objective on Xylem from $135.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. Barclays lowered Xylem from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $139.00 to $104.00 in a report on Wednesday, October 28th. Weiss Ratings cut Xylem from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, October 28th. Finally, Stifel Nicolaus lowered their target price on Xylem from $141.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.