North American Management Corp held its stake in Xylem Inc. (NYSE:XYL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,950 shares of the industrial products company’s stock at the end of the second quarter. North American Management Corp’s holdings in Xylem were worth $1,383,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Asset Planning Services Ltd. raised its stake in Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock worth $106,000 after buying an additional 7 shares during the period. Contravisory Investment Management Inc. raised its position in shares of Xylem by 96.1% in the first quarter. Contravisory Investment Management Inc. now owns 2,345 shares of the industrial products company’s stock worth $118,000 after buying an additional 1,149 shares during the period. Cribstone Capital Management LLC raised its position in shares of Xylem by 1,214.6% in the first quarter. Cribstone Capital Management LLC now owns 2,432 shares of the industrial products company’s stock worth $124,000 after buying an additional 2,247 shares during the period. CENTRAL TRUST Co raised its position in shares of Xylem by 160.3% in the second quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock worth $146,000 after buying an additional 1,635 shares during the period. Finally, FNY Partners Fund LP bought a new position in shares of Xylem during the first quarter worth approximately $151,000. 86.41% of the stock is currently owned by institutional investors.
Xylem Inc. (NYSE:XYL) opened at 59.12 on Friday. The stock has a market cap of $10.62 billion, a PE ratio of 38.17 and a beta of 1.18. The firm has a 50-day moving average of $56.81 and a 200-day moving average of $51.96. Xylem Inc. has a 12-month low of $45.60 and a 12-month high of $60.71.
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 return on equity of 16.02% and a net margin of 7.08%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The firm’s revenue was up 24.9% on a year-over-year basis. Equities analysts predict that Xylem Inc. will post $2.37 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on the stock. Cowen and Company reaffirmed an “outperform” rating and set a $70.00 target price (up from $60.00) on shares of Xylem in a research report on Wednesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Xylem in a research report on Monday, May 22nd. Royal Bank Of Canada lifted their price objective on shares of Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price objective on shares of Xylem in a report on Thursday, July 6th. Finally, Boenning Scattergood reissued a “buy” rating and set a $55.00 price objective on shares of Xylem in a report on Wednesday, June 7th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $59.00.
In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of the sale, the insider now owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven R. Loranger sold 66,132 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the sale, the director now directly owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.
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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