Leavell Investment Management Inc. Acquires Shares of 3,486 Xylem Inc. (XYL)

Leavell Investment Management Inc. acquired a new position in shares of Xylem Inc. (NYSE:XYL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,486 shares of the industrial products company’s stock, valued at approximately $218,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Xylem by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 17,697,791 shares of the industrial products company’s stock worth $980,989,000 after acquiring an additional 409,920 shares during the last quarter. State Street Corp boosted its stake in Xylem by 11.5% during the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock worth $460,211,000 after acquiring an additional 861,484 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in Xylem by 7.9% during the 2nd quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock worth $226,441,000 after acquiring an additional 318,756 shares during the last quarter. FMR LLC boosted its stake in Xylem by 7.7% during the 2nd quarter. FMR LLC now owns 3,239,067 shares of the industrial products company’s stock worth $179,541,000 after acquiring an additional 232,139 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Xylem by 17.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock worth $151,210,000 after acquiring an additional 396,854 shares during the last quarter. 86.59% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. Cowen and Company reissued an “outperform” rating and set a $70.00 price objective (up previously from $60.00) on shares of Xylem in a research note on Wednesday, August 9th. BMO Capital Markets lifted their price objective on shares of Xylem from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $66.00 price objective (up previously from $60.00) on shares of Xylem in a research note on Tuesday, August 1st. Robert W. Baird reissued a “hold” rating and set a $67.00 price objective on shares of Xylem in a research note on Wednesday, October 4th. Finally, BidaskClub lowered shares of Xylem from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Xylem currently has a consensus rating of “Buy” and a consensus target price of $61.92.

Shares of Xylem Inc. (NYSE:XYL) opened at 64.86 on Monday. Xylem Inc. has a one year low of $45.60 and a one year high of $66.28. The firm has a market capitalization of $11.65 billion, a P/E ratio of 41.87 and a beta of 1.17. The firm’s 50-day moving average is $63.94 and its 200 day moving average is $57.37.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. Equities research analysts predict that Xylem Inc. will post $2.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, November 1st. Xylem’s payout ratio is 46.45%.

In related news, insider Kenneth Napolitano sold 9,052 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the transaction, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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