Mitsubishi UFJ Trust & Banking Corp Sells 1,767 Shares of Xylem Inc. (XYL)
Mitsubishi UFJ Trust & Banking Corp reduced its holdings in shares of Xylem Inc. (NYSE:XYL) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 356,760 shares of the industrial products company’s stock after selling 1,767 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of Xylem worth $22,344,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Harfst & Associates Inc. lifted its stake in Xylem by 26.1% in the 2nd quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 503 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Xylem in the 2nd quarter worth approximately $168,000. FNY Partners Fund LP lifted its stake in Xylem by 2,700.0% in the 3rd quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 2,700 shares in the last quarter. Federated Investors Inc. PA lifted its stake in Xylem by 5.8% in the 2nd quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 181 shares in the last quarter. Finally, Advisor Group Inc. lifted its stake in Xylem by 18.3% in the 2nd quarter. Advisor Group Inc. now owns 3,592 shares of the industrial products company’s stock worth $198,000 after purchasing an additional 555 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.
Several analysts have issued reports on XYL shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $71.00 target price (up from $64.00) on shares of Xylem in a research note on Wednesday, October 4th. Canaccord Genuity reiterated a “hold” rating and issued a $56.00 target price on shares of Xylem in a research note on Friday, October 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $63.00 target price on shares of Xylem in a research note on Friday, October 13th. Oppenheimer reiterated a “buy” rating on shares of Xylem in a research note on Tuesday, October 31st. Finally, Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Thursday, October 5th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $65.17.
In other news, insider Colin R. Sabol sold 38,070 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total value of $2,505,386.70. Following the transaction, the insider now owns 61,979 shares of the company’s stock, valued at approximately $4,078,837.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Curtis J. Crawford sold 7,500 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $66.44, for a total transaction of $498,300.00. Following the completion of the transaction, the director now directly owns 52,385 shares in the company, valued at approximately $3,480,459.40. The disclosure for this sale can be found here. Insiders sold a total of 83,270 shares of company stock worth $5,501,312 in the last three months. Insiders own 0.75% of the company’s stock.
Shares of Xylem Inc. (XYL) traded up $0.40 during trading hours on Friday, hitting $68.38. 744,400 shares of the stock were exchanged, compared to its average volume of 1,204,142. The company has a market cap of $12,209.21, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. Xylem Inc. has a 1 year low of $46.67 and a 1 year high of $69.88. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. research analysts forecast that Xylem Inc. will post 2.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Wednesday, November 1st. Xylem’s payout ratio is 41.86%.
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Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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