HighPoint Advisor Group LLC purchased a new position in shares of Xylem Inc (NYSE:XYL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,089 shares of the industrial products company’s stock, valued at approximately $323,000.

Several other institutional investors and hedge funds have also recently modified their holdings of XYL. Legal & General Group Plc lifted its stake in shares of Xylem by 10.6% in the third quarter. Legal & General Group Plc now owns 950,436 shares of the industrial products company’s stock valued at $75,911,000 after buying an additional 91,099 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of Xylem by 472.9% in the third quarter. Federated Investors Inc. PA now owns 118,947 shares of the industrial products company’s stock valued at $9,501,000 after purchasing an additional 98,184 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Xylem by 5,057.1% in the fourth quarter. Meeder Asset Management Inc. now owns 722 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 708 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. raised its holdings in shares of Xylem by 11.3% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 51,200 shares of the industrial products company’s stock valued at $3,416,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Xylem by 5.8% in the fourth quarter. Bank of Montreal Can now owns 878,548 shares of the industrial products company’s stock valued at $58,616,000 after purchasing an additional 47,842 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Several analysts have recently commented on the stock. Janney Montgomery Scott upgraded shares of Xylem from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a report on Friday, May 3rd. ValuEngine downgraded shares of Xylem from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Cowen downgraded shares of Xylem from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $75.00 to $72.00 in a report on Tuesday, May 14th. Stifel Nicolaus lowered their target price on shares of Xylem from $93.00 to $89.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Monday, February 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. Xylem currently has a consensus rating of “Buy” and an average price target of $78.93.

NYSE XYL opened at $75.77 on Wednesday. Xylem Inc has a 52-week low of $60.65 and a 52-week high of $84.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.02. The stock has a market cap of $13.53 billion, a P/E ratio of 26.31, a P/E/G ratio of 1.41 and a beta of 1.15.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.06). Xylem had a return on equity of 19.46% and a net margin of 10.50%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the business posted $0.51 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Xylem Inc will post 3.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. Xylem’s dividend payout ratio (DPR) is presently 33.33%.

In other news, SVP Pak Steven Leung sold 8,947 shares of Xylem stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $78.55, for a total value of $702,786.85. Following the completion of the transaction, the senior vice president now owns 42,980 shares in the company, valued at $3,376,079. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Colin R. Sabol sold 15,930 shares of Xylem stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $80.45, for a total transaction of $1,281,568.50. Following the completion of the transaction, the insider now owns 54,543 shares of the company’s stock, valued at approximately $4,387,984.35. The disclosure for this sale can be found here. Insiders have sold 68,460 shares of company stock valued at $5,403,327 in the last 90 days. 0.85% of the stock is currently owned by corporate insiders.

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About Xylem

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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