Amalgamated Bank Has $6.72 Million Holdings in Xylem Inc. (NYSE:XYL)

Amalgamated Bank cut its stake in Xylem Inc. (NYSE:XYL) by 10.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 58,768 shares of the industrial products company’s stock after selling 7,073 shares during the period. Amalgamated Bank’s holdings in Xylem were worth $6,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. AtonRa Partners increased its stake in Xylem by 2.3% during the fourth quarter. AtonRa Partners now owns 4,001 shares of the industrial products company’s stock valued at $458,000 after acquiring an additional 91 shares during the period. FFT Wealth Management LLC increased its position in shares of Xylem by 4.1% during the 4th quarter. FFT Wealth Management LLC now owns 2,368 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 93 shares in the last quarter. Patten Group Inc. increased its holdings in shares of Xylem by 0.3% during the fourth quarter. Patten Group Inc. now owns 31,112 shares of the industrial products company’s stock worth $3,558,000 after buying an additional 99 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Xylem by 4.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,238 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 99 shares during the last quarter. Finally, Boston Trust Walden Corp raised its position in Xylem by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 3,418 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 107 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XYL has been the topic of several research reports. Oppenheimer upped their price target on shares of Xylem from $142.00 to $147.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup raised their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Mizuho upped their target price on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday. Stifel Nicolaus upped their price objective on shares of Xylem from $136.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird lifted their target price on Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.70.

Xylem Price Performance

NYSE XYL opened at $137.21 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.67 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 $138.46. The firm’s 50 day moving average is $128.64 and its 200-day moving average is $115.54. The company has a market capitalization of $33.27 billion, a PE ratio of 48.83, a price-to-earnings-growth ratio of 2.67 and a beta of 1.08.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. Xylem’s revenue for the quarter was up 40.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. Equities research analysts anticipate that Xylem Inc. will post 4.24 earnings per share for the current fiscal year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were paid a $0.36 dividend. The ex-dividend date was Tuesday, February 20th. This is an increase from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. Xylem’s dividend payout ratio is 51.25%.

Insider Transactions at Xylem

In related news, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the transaction, the senior vice president now owns 11,750 shares in the company, valued at $1,431,032.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at $360,682.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Franz Cerwinka sold 2,408 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total transaction of $293,270.32. Following the completion of the transaction, the senior vice president now owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Xylem Profile

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.