Xylem Inc (NYSE:XYL) Shares Sold by Harrington Investments INC

Harrington Investments INC lessened its stake in shares of Xylem Inc (NYSE:XYL) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,181 shares of the industrial products company’s stock after selling 242 shares during the quarter. Xylem comprises about 2.2% of Harrington Investments INC’s investment portfolio, making the stock its 12th biggest holding. Harrington Investments INC’s holdings in Xylem were worth $2,721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in Xylem by 0.6% in the third quarter. Fisher Asset Management LLC now owns 19,677 shares of the industrial products company’s stock worth $1,567,000 after buying an additional 120 shares during the last quarter. CWM LLC grew its position in Xylem by 19.7% in the second quarter. CWM LLC now owns 807 shares of the industrial products company’s stock worth $67,000 after buying an additional 133 shares during the last quarter. Huntington National Bank grew its position in Xylem by 2.2% in the second quarter. Huntington National Bank now owns 6,921 shares of the industrial products company’s stock worth $579,000 after buying an additional 147 shares during the last quarter. Compagnie Lombard Odier SCmA grew its position in Xylem by 3.1% in the second quarter. Compagnie Lombard Odier SCmA now owns 5,360 shares of the industrial products company’s stock worth $448,000 after buying an additional 160 shares during the last quarter. Finally, King Luther Capital Management Corp grew its position in Xylem by 5.1% in the second quarter. King Luther Capital Management Corp now owns 3,451 shares of the industrial products company’s stock worth $289,000 after buying an additional 166 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Several research firms have issued reports on XYL. ValuEngine lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group began coverage on shares of Xylem in a research note on Friday, September 20th. They issued a “buy” rating and a $90.00 price objective for the company. Credit Suisse Group set a $78.00 price objective on shares of Xylem and gave the stock a “hold” rating in a research note on Friday, November 1st. Royal Bank of Canada set a $79.00 price objective on shares of Xylem and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Cfra lowered shares of Xylem from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $82.30.

In other Xylem news, SVP Kenneth Napolitano sold 5,000 shares of Xylem stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.49, for a total transaction of $387,450.00. Following the completion of the sale, the senior vice president now owns 46,228 shares of the company’s stock, valued at approximately $3,582,207.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Markos I. Tambakeras sold 2,860 shares of Xylem stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $78.95, for a total transaction of $225,797.00. Following the sale, the director now directly owns 43,530 shares of the company’s stock, valued at approximately $3,436,693.50. The disclosure for this sale can be found here. Insiders have sold a total of 16,959 shares of company stock valued at $1,313,986 in the last three months. Company insiders own 0.85% of the company’s stock.

Xylem stock traded down $1.57 during midday trading on Monday, reaching $75.76. The stock had a trading volume of 85,053 shares, compared to its average volume of 837,767. The firm’s fifty day simple moving average is $78.69 and its two-hundred day simple moving average is $78.88. Xylem Inc has a twelve month low of $60.65 and a twelve month high of $85.67. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.55 and a quick ratio of 1.15. The firm has a market cap of $14.35 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 1.60 and a beta of 1.18.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. Xylem had a net margin of 9.65% and a return on equity of 19.14%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue was up .7% on a year-over-year basis. As a group, sell-side analysts predict that Xylem Inc will post 3.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Wednesday, October 30th. Xylem’s dividend payout ratio (DPR) is currently 33.33%.

Xylem Profile

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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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