Renaissance Investment Group LLC raised its stake in Xylem Inc (NYSE:XYL) by 5.3% in the third quarter, HoldingsChannel reports. The fund owned 39,148 shares of the industrial products company’s stock after purchasing an additional 1,980 shares during the period. Renaissance Investment Group LLC’s holdings in Xylem were worth $3,117,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Commonwealth Bank of Australia lifted its holdings in Xylem by 27.3% in the second quarter. Commonwealth Bank of Australia now owns 2,502 shares of the industrial products company’s stock valued at $207,000 after acquiring an additional 536 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Xylem by 48.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,438 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 800 shares during the period. Carnegie Capital Asset Management LLC acquired a new position in Xylem in the second quarter valued at approximately $356,000. Ardevora Asset Management LLP lifted its holdings in Xylem by 3.4% in the second quarter. Ardevora Asset Management LLP now owns 513,400 shares of the industrial products company’s stock valued at $42,941,000 after acquiring an additional 16,800 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Xylem in the second quarter valued at approximately $250,000. 84.55% of the stock is owned by institutional investors.
In related news, SVP Colin R. Sabol sold 4,099 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $78.37, for a total value of $321,238.63. Following the completion of the transaction, the senior vice president now directly owns 33,518 shares of the company’s stock, valued at approximately $2,626,805.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kenneth Napolitano sold 5,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.49, for a total value of $387,450.00. Following the completion of the transaction, the senior vice president now directly owns 46,228 shares of the company’s stock, valued at $3,582,207.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,099 shares of company stock valued at $1,464,339. 0.85% of the stock is owned by corporate insiders.
Shares of XYL stock traded up $0.75 during trading hours on Thursday, hitting $78.93. 24,804 shares of the company’s stock were exchanged, compared to its average volume of 756,342. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.71. The firm has a market cap of $13.86 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.48 and a beta of 1.19. The firm has a 50 day moving average of $77.27 and a two-hundred day moving average of $78.95. Xylem Inc has a fifty-two week low of $60.65 and a fifty-two week high of $85.39.
Xylem (NYSE:XYL) last announced its earnings results on Thursday, August 1st. The industrial products company reported $0.79 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. Xylem had a return on equity of 19.23% and a net margin of 10.90%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 EPS. On average, equities analysts forecast that Xylem Inc will post 3.15 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, August 28th. Xylem’s dividend payout ratio is currently 33.33%.
A number of brokerages have issued reports on XYL. Credit Suisse Group downgraded Xylem from an “outperform” rating to a “neutral” rating in a report on Friday, August 2nd. Jefferies Financial Group initiated coverage on Xylem in a research note on Friday, September 20th. They set a “buy” rating and a $90.00 target price for the company. Zacks Investment Research downgraded Xylem from a “hold” rating to a “sell” rating and set a $82.00 target price for the company. in a research note on Monday. Finally, ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Xylem presently has an average rating of “Hold” and an average target price of $79.92.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
See Also: Technical Analysis
Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc (NYSE:XYL).
Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.