Xylem Inc. (XYL) Stake Lowered by Meyer Handelman Co.
Meyer Handelman Co. lowered its position in Xylem Inc. (NYSE:XYL) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,400 shares of the industrial products company’s stock after selling 266 shares during the period. Meyer Handelman Co.’s holdings in Xylem were worth $1,186,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in XYL. Sheets Smith Wealth Management purchased a new stake in shares of Xylem during the second quarter worth about $433,000. Highland Capital Management LLC purchased a new stake in shares of Xylem during the second quarter worth about $560,000. Aperio Group LLC boosted its stake in shares of Xylem by 11.0% in the second quarter. Aperio Group LLC now owns 185,073 shares of the industrial products company’s stock worth $10,259,000 after buying an additional 18,369 shares during the period. Rockefeller Financial Services Inc. boosted its stake in shares of Xylem by 4.7% in the second quarter. Rockefeller Financial Services Inc. now owns 22,115 shares of the industrial products company’s stock worth $1,226,000 after buying an additional 1,000 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Xylem by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock worth $615,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 85.51% of the company’s stock.
Xylem Inc. (NYSE:XYL) traded up 1.21% during midday trading on Friday, reaching $57.62. 1,169,823 shares of the company’s stock traded hands. The stock has a 50-day moving average of $54.55 and a 200 day moving average of $50.91. Xylem Inc. has a 52-week low of $45.60 and a 52-week high of $57.66. The company has a market cap of $10.36 billion, a P/E ratio of 41.45 and a beta of 1.18.
Xylem (NYSE:XYL) last issued its earnings results on Tuesday, May 2nd. The industrial products company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Xylem had a return on equity of 15.53% and a net margin of 6.75%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, analysts anticipate that Xylem Inc. will post $2.31 earnings per share for the current fiscal year.
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A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $60.00 target price on shares of Xylem in a research report on Friday, July 14th. Oppenheimer Holdings, Inc. increased their target price on shares of Xylem from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Finally, BMO Capital Markets assumed coverage on shares of Xylem in a research report on Wednesday, June 21st. They set an “outperform” rating and a $60.00 target price for the company. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Xylem currently has a consensus rating of “Buy” and a consensus target price of $56.85.
In other news, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the completion of the transaction, the director now owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tomas Brannemo sold 14,080 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $50.36, for a total value of $709,068.80. Following the completion of the transaction, the insider now directly owns 21,000 shares of the company’s stock, valued at approximately $1,057,560. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.
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.
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