Xylem Inc. (XYL) Shares Sold by People s United Financial Inc.
People s United Financial Inc. reduced its stake in shares of Xylem Inc. (NYSE:XYL) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,512 shares of the industrial products company’s stock after selling 17 shares during the period. People s United Financial Inc.’s holdings in Xylem were worth $971,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in XYL. Harfst & Associates Inc. boosted its position in shares of Xylem by 26.1% in the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 503 shares during the last quarter. CENTRAL TRUST Co grew its holdings in Xylem by 160.3% in the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 1,635 shares during the period. FNY Partners Fund LP purchased a new stake in Xylem in the first quarter valued at approximately $151,000. Federated Investors Inc. PA grew its holdings in Xylem by 5.8% in the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 181 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Xylem by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,701 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.
In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the transaction, the insider now directly owns 35,303 shares in the company, valued at $2,123,828.48. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.75% of the stock is owned by company insiders.
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Xylem Inc. (NYSE:XYL) opened at 63.93 on Wednesday. The firm has a market cap of $11.48 billion, a PE ratio of 41.27 and a beta of 1.17. The firm’s 50 day moving average price is $62.09 and its 200-day moving average price is $55.55. Xylem Inc. has a 52 week low of $45.60 and a 52 week high of $64.80.
Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. Xylem’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 EPS. On average, analysts forecast that Xylem Inc. will post $2.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Thursday, August 31st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.13%. The ex-dividend date was Tuesday, August 29th. Xylem’s payout ratio is 46.45%.
A number of equities analysts have weighed in on XYL shares. Robert W. Baird reaffirmed a “hold” rating and set a $67.00 price target on shares of Xylem in a research note on Wednesday. Cowen and Company reissued an “outperform” rating and set a $70.00 price objective (up from $60.00) on shares of Xylem in a research note on Wednesday, August 9th. Royal Bank Of Canada boosted their price objective on shares of Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. upped their price objective on Xylem from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Finally, Boenning Scattergood restated an “outperform” rating on shares of Xylem in a report on Tuesday, September 5th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $60.23.
Xylem Company 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.
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