Xylem Inc. (NYSE:XYL) Stake Reduced by Donaldson Capital Management LLC

Donaldson Capital Management LLC lessened its stake in shares of Xylem Inc. (NYSE:XYLGet Rating) by 41.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,736 shares of the industrial products company’s stock after selling 8,297 shares during the period. Donaldson Capital Management LLC’s holdings in Xylem were worth $1,001,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Covestor Ltd raised its holdings in Xylem by 178.5% during the 1st quarter. Covestor Ltd now owns 1,036 shares of the industrial products company’s stock worth $88,000 after buying an additional 664 shares during the period. Parkside Financial Bank & Trust grew its stake in Xylem by 248.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 638 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 455 shares in the last quarter. Baird Financial Group Inc. grew its stake in Xylem by 1.6% during the 1st quarter. Baird Financial Group Inc. now owns 312,921 shares of the industrial products company’s stock valued at $26,679,000 after acquiring an additional 4,984 shares in the last quarter. Vanguard Group Inc. grew its stake in Xylem by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock valued at $1,738,529,000 after acquiring an additional 1,435,798 shares in the last quarter. Finally, National Pension Service grew its stake in Xylem by 13.7% during the 1st quarter. National Pension Service now owns 291,827 shares of the industrial products company’s stock valued at $24,881,000 after acquiring an additional 35,270 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Cowen lifted their target price on Xylem from $75.00 to $85.00 and gave the company a “market perform” rating in a research note on Monday, August 29th. TheStreet upgraded Xylem from a “c” rating to a “b-” rating in a report on Thursday, August 11th. Morgan Stanley reduced their target price on Xylem from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, June 9th. Northcoast Research started coverage on Xylem in a report on Friday, July 15th. They issued a “neutral” rating for the company. Finally, Cowen boosted their target price on Xylem from $75.00 to $85.00 and gave the stock a “market perform” rating in a report on Monday, August 29th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $101.64.

Insider Buying and Selling at Xylem

In other news, SVP Hayati Yarkadas sold 5,898 shares of the stock in a transaction on Monday, June 27th. The stock was sold at an average price of $80.06, for a total transaction of $472,193.88. Following the sale, the senior vice president now owns 9,556 shares in the company, valued at $765,053.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Victoria D. Harker sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $100.26, for a total value of $501,300.00. Following the transaction, the director now owns 21,099 shares in the company, valued at $2,115,385.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Hayati Yarkadas sold 5,898 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $80.06, for a total value of $472,193.88. Following the completion of the transaction, the senior vice president now owns 9,556 shares in the company, valued at approximately $765,053.36. The disclosure for this sale can be found here. Insiders have sold 13,580 shares of company stock worth $1,185,927 over the last three months. Company insiders own 0.89% of the company’s stock.

Xylem Stock Performance

Shares of NYSE XYL opened at $96.43 on Friday. The business has a fifty day simple moving average of $90.16 and a 200 day simple moving average of $86.04. The company has a current ratio of 1.63, a quick ratio of 1.19 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $17.37 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 3.07 and a beta of 1.10. Xylem Inc. has a one year low of $72.08 and a one year high of $136.15.

Xylem (NYSE:XYLGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. Xylem had a return on equity of 13.66% and a net margin of 8.06%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. Sell-side analysts expect that Xylem Inc. will post 2.6 EPS for the current year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Wednesday, August 31st. Xylem’s dividend payout ratio (DPR) is 51.72%.

Xylem Company Profile

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Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

See Also

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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