Xylem Inc. (XYL) Shares Sold by Reynders McVeigh Capital Management LLC
Reynders McVeigh Capital Management LLC cut its stake in Xylem Inc. (NYSE:XYL) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,850 shares of the industrial products company’s stock after selling 3,665 shares during the period. Xylem accounts for 3.1% of Reynders McVeigh Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Reynders McVeigh Capital Management LLC owned about 0.21% of Xylem worth $23,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Harfst & Associates Inc. lifted its stake in Xylem by 26.1% in the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after buying an additional 503 shares during the period. Tower Research Capital LLC TRC acquired a new position in Xylem in the second quarter valued at approximately $168,000. FNY Partners Fund LP lifted its stake in Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after buying an additional 2,700 shares during the period. Federated Investors Inc. PA lifted its stake 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 buying an additional 181 shares during the period. Finally, Advisor Group Inc. lifted its stake in Xylem by 18.3% in the second quarter. Advisor Group Inc. now owns 3,592 shares of the industrial products company’s stock valued at $198,000 after buying an additional 555 shares during the period. Institutional investors and hedge funds own 87.39% of the company’s stock.
In related news, Director Steven R. Loranger sold 37,700 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $66.25, for a total transaction of $2,497,625.00. Following the completion of the sale, the director now owns 58,831 shares in the company, valued at $3,897,553.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Colin R. Sabol sold 38,070 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total value of $2,505,386.70. Following the sale, the insider now owns 61,979 shares of the company’s stock, valued at approximately $4,078,837.99. The disclosure for this sale can be found here. Insiders have sold 83,270 shares of company stock valued at $5,501,312 in the last quarter. 0.75% of the stock is currently owned by corporate insiders.
Several equities analysts have issued reports on XYL shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $71.00 price target (up from $64.00) on shares of Xylem in a research note on Wednesday, October 4th. Canaccord Genuity reaffirmed a “hold” rating and set a $56.00 target price on shares of Xylem in a research report on Friday, October 6th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $63.00 target price on shares of Xylem in a research report on Friday, October 13th. Finally, Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Thursday, October 5th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Xylem presently has an average rating of “Buy” and an average target price of $65.17.
Shares of Xylem Inc. (NYSE:XYL) traded up $0.34 during trading hours on Monday, hitting $67.69. The stock had a trading volume of 195,800 shares, compared to its average volume of 1,218,092. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.26. Xylem Inc. has a one year low of $46.67 and a one year high of $67.99. The firm has a market capitalization of $12,157.13, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.16.
Xylem (NYSE:XYL) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. Xylem’s revenue for the quarter was up 33.2% on a year-over-year basis. research analysts anticipate that Xylem Inc. will post 2.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 annualized dividend and a yield of 1.06%. Xylem’s dividend payout ratio (DPR) is currently 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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