Mutual of America Capital Management LLC lessened its position in Xylem Inc. (NYSE:XYL) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,918 shares of the industrial products company’s stock after selling 1,468 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Xylem were worth $1,310,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Xylem by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 17,697,791 shares of the industrial products company’s stock valued at $980,989,000 after buying an additional 409,920 shares during the period. State Street Corp raised its holdings in shares of Xylem by 11.5% in the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after buying an additional 861,484 shares during the period. Pictet Asset Management Ltd. raised its holdings in shares of Xylem by 7.9% in the 2nd quarter. Pictet Asset Management Ltd. now owns 4,342,944 shares of the industrial products company’s stock valued at $226,441,000 after buying an additional 318,756 shares during the period. FMR LLC raised its holdings in shares of Xylem by 7.7% in the 2nd quarter. FMR LLC now owns 3,239,067 shares of the industrial products company’s stock valued at $179,541,000 after buying an additional 232,139 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Xylem by 17.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock valued at $151,210,000 after buying an additional 396,854 shares during the period. Hedge funds and other institutional investors own 86.59% of the company’s stock.
In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the sale, the insider now directly owns 35,303 shares of the company’s stock, valued at $2,123,828.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is currently owned by corporate insiders.
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Several research firms recently issued reports on XYL. Oppenheimer Holdings, Inc. boosted their price objective on Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday. Cowen and Company restated an “outperform” rating and set a $70.00 price target (up previously from $60.00) on shares of Xylem in a report on Wednesday, August 9th. Canaccord Genuity restated a “hold” rating and set a $65.00 price target on shares of Xylem in a report on Wednesday. Seaport Global Securities restated a “buy” rating on shares of Xylem in a report on Wednesday. Finally, Boenning Scattergood restated an “outperform” rating on shares of Xylem in a report on Tuesday, September 5th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Xylem currently has an average rating of “Buy” and an average target price of $65.17.
Xylem Inc. (XYL) opened at $66.57 on Friday. The stock has a market capitalization of $12,043.98, a PE ratio of 29.28, a PEG ratio of 1.87 and a beta of 1.16. The company has a quick ratio of 1.17, a current ratio of 1.76 and a debt-to-equity ratio of 0.88.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The company’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. research analysts predict that Xylem Inc. will post 2.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.72 annualized dividend and a yield of 1.08%. Xylem’s dividend payout ratio is 41.86%.
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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