Swedbank AB lifted its holdings in shares of Xylem Inc. (NYSE:XYL – Free Report) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,436,974 shares of the industrial products company’s stock after acquiring an additional 25,308 shares during the quarter. Swedbank AB owned approximately 1.01% of Xylem worth $330,527,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Xylem by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after purchasing an additional 187,847 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Xylem by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,527,487 shares of the industrial products company’s stock worth $289,043,000 after buying an additional 16,713 shares during the period. Norges Bank purchased a new stake in Xylem in the fourth quarter worth about $198,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Xylem by 1,503.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after acquiring an additional 1,547,043 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new position in shares of Xylem during the 4th quarter worth approximately $187,207,000. Institutional investors own 87.96% of the company’s stock.
Insider Transactions at Xylem
In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the transaction, the chief accounting officer now owns 3,536 shares in the company, valued at $490,195.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the sale, the senior vice president now directly owns 76,287 shares in the company, valued at approximately $10,604,655.87. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the sale, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Research Report on Xylem
Xylem Stock Down 0.3 %
XYL stock traded down $0.39 during midday trading on Friday, hitting $132.80. The company’s stock had a trading volume of 1,954,553 shares, compared to its average volume of 1,220,650. The firm’s 50-day moving average is $135.61 and its 200-day moving average is $132.12. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08. The company has a market cap of $32.26 billion, a PE ratio of 47.26, a P/E/G ratio of 2.32 and a beta of 1.04.
Xylem (NYSE:XYL – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company’s revenue was up 26.0% on a year-over-year basis. On average, equities research analysts forecast that Xylem Inc. will post 4.25 earnings per share for the current fiscal year.
Xylem Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s payout ratio is presently 51.25%.
About Xylem
Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.
Featured Stories
- Five stocks we like better than Xylem
- Top Stocks Investing in 5G Technology
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
- Consumer Discretionary Stocks Explained
- Warren Buffett’s Recent Stock Moves: Top Buys and Sells to Watch
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Sea Limited’s E-Commerce and Fintech Strength Fuel Stock Surge
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 – Free Report).
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.