Cornerstone Capital Management Holdings LLC. lowered its position in shares of Xylem Inc. (NYSE:XYL) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,465 shares of the industrial products company’s stock after selling 93 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Xylem were worth $1,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of XYL. Harfst & Associates Inc. lifted its position in shares of Xylem by 26.1% during the 2nd quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock worth $134,000 after buying an additional 503 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Xylem by 160.3% during the 2nd quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock worth $146,000 after buying an additional 1,635 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of Xylem during the 1st quarter worth approximately $151,000. Federated Investors Inc. PA lifted its position in shares of Xylem by 5.8% during the 2nd quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock worth $182,000 after buying an additional 181 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of Xylem by 0.7% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after buying an additional 25 shares in the last quarter. 86.08% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Cowen and Company reissued an “outperform” rating and set a $70.00 target price (up previously from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. Royal Bank Of Canada lifted their target price on shares of Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. lifted their target price on shares of Xylem from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Boenning Scattergood reissued an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Finally, Robert W. Baird reissued a “hold” rating and set a $67.00 target price on shares of Xylem in a research report on Wednesday, October 4th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $61.92.

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In related news, insider Kenneth Napolitano sold 9,052 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the transaction, the insider now owns 35,303 shares in the company, valued at $2,123,828.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Shares of Xylem Inc. (NYSE:XYL) opened at 64.23 on Friday. The stock’s 50 day moving average is $63.64 and its 200 day moving average is $56.87. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 41.47 and a beta of 1.17. Xylem Inc. has a 52 week low of $45.60 and a 52 week high of $65.42.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share. On average, equities analysts forecast that Xylem Inc. will post $2.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.12%. Xylem’s dividend payout ratio (DPR) is 46.45%.

Xylem Profile

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.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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