Trust Co. of Vermont continued to hold its position in shares of Xylem Inc. (NYSE:XYL) during the second quarter, Holdings Channel reports. The institutional investor owned 2,117 shares of the industrial products company’s stock at the end of the second quarter. Trust Co. of Vermont’s holdings in Xylem were worth $117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Planning Services Ltd. raised its position in shares of Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock worth $106,000 after buying an additional 7 shares during the period. Contravisory Investment Management Inc. raised its position in shares of Xylem by 96.1% in the first quarter. Contravisory Investment Management Inc. now owns 2,345 shares of the industrial products company’s stock worth $118,000 after buying an additional 1,149 shares during the period. Cribstone Capital Management LLC raised its position in shares of Xylem by 1,214.6% in the first quarter. Cribstone Capital Management LLC now owns 2,432 shares of the industrial products company’s stock worth $124,000 after buying an additional 2,247 shares during the period. FNY Partners Fund LP acquired a new position in shares of Xylem during the first quarter worth about $151,000. Finally, Pacer Advisors Inc. raised its position in shares of Xylem by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,701 shares of the industrial products company’s stock worth $186,000 after buying an additional 121 shares during the period. Institutional investors own 85.51% of the company’s stock.

Xylem Inc. (XYL) opened at 56.10 on Monday. Xylem Inc. has a 52-week low of $45.60 and a 52-week high of $56.18. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 40.36 and a beta of 1.18. The company’s 50-day moving average price is $53.05 and its 200 day moving average price is $50.40.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Xylem had a return on equity of 15.53% and a net margin of 6.75%. The firm’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. Equities analysts predict that Xylem Inc. will post $2.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 21st. Investors of record on Thursday, May 25th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, May 23rd. Xylem’s payout ratio is presently 50.35%.

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A number of research analysts have issued reports on XYL shares. BidaskClub upgraded Xylem from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. set a $58.00 price target on Xylem and gave the stock a “buy” rating in a research report on Tuesday, June 20th. CIBC reiterated a “buy” rating on shares of Xylem in a research report on Wednesday, May 10th. Boenning Scattergood reiterated a “buy” rating and set a $55.00 price target on shares of Xylem in a research report on Wednesday, June 7th. Finally, Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Tuesday, July 4th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $56.85.

In other Xylem news, insider Tomas Brannemo sold 14,080 shares of Xylem stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $50.36, for a total value of $709,068.80. Following the sale, the insider now owns 21,000 shares of the company’s stock, valued at approximately $1,057,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven R. Loranger sold 66,132 shares of Xylem stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the sale, the director now directly owns 65,030 shares in the company, valued at approximately $3,577,300.30. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

About Xylem

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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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