Xylem Inc. (XYL) Shares Sold by Daruma Capital Management LLC
Daruma Capital Management LLC decreased its stake in Xylem Inc. (NYSE:XYL) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,574 shares of the industrial products company’s stock after selling 1,527 shares during the period. Daruma Capital Management LLC’s holdings in Xylem were worth $3,690,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. PointState Capital LP acquired a new position in shares of Xylem in the 2nd quarter valued at $34,128,000. BlueCrest Capital Management Ltd boosted its holdings in shares of Xylem by 2,095.9% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 229,385 shares of the industrial products company’s stock valued at $12,715,000 after buying an additional 218,939 shares in the last quarter. State Street Corp boosted its holdings in shares of Xylem by 11.5% in the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after buying an additional 861,484 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Xylem by 404.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,853,943 shares of the industrial products company’s stock valued at $102,758,000 after buying an additional 1,486,463 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of Xylem by 0.3% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,213,405 shares of the industrial products company’s stock valued at $67,259,000 after buying an additional 3,171 shares in the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.
Several analysts recently commented on XYL shares. Cowen and Company reiterated an “outperform” rating and issued a $70.00 price target (up previously from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. Canaccord Genuity reiterated a “hold” rating and issued a $56.00 price target on shares of Xylem in a research report on Friday. Oppenheimer Holdings, Inc. upped their price target on shares of Xylem from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $63.00 price target on shares of Xylem in a research report on Tuesday, September 5th. Finally, Boenning Scattergood reiterated an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Xylem presently has an average rating of “Buy” and an average price target of $61.92.
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In other news, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.
Shares of Xylem Inc. (NYSE XYL) traded up 0.14% during trading on Friday, reaching $64.56. 806,123 shares of the company’s stock were exchanged. Xylem Inc. has a 52 week low of $45.60 and a 52 week high of $64.80. The stock has a market capitalization of $11.59 billion, a PE ratio of 41.68 and a beta of 1.17. The company’s 50-day moving average is $62.51 and its 200 day moving average is $55.79.
Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The firm’s revenue was up 24.9% on a year-over-year basis. On average, analysts forecast that Xylem Inc. will post $2.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Tuesday, August 29th. Xylem’s dividend payout ratio (DPR) is 46.45%.
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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