Citigroup Inc. Has $6.40 Million Holdings in Xylem Inc. (XYL)
Citigroup Inc. lowered its position in shares of Xylem Inc. (NYSE:XYL) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,508 shares of the industrial products company’s stock after selling 891 shares during the period. Citigroup Inc. owned about 0.06% of Xylem worth $6,403,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. UBS Asset Management Americas Inc. boosted its position in Xylem by 10.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 522,164 shares of the industrial products company’s stock valued at $28,944,000 after buying an additional 47,623 shares during the period. Quantitative Investment Management LLC boosted its position in Xylem by 874.5% during the 2nd quarter. Quantitative Investment Management LLC now owns 133,500 shares of the industrial products company’s stock valued at $7,399,000 after buying an additional 119,800 shares during the period. New York State Common Retirement Fund boosted its position in Xylem by 0.8% during the 2nd quarter. New York State Common Retirement Fund now owns 560,722 shares of the industrial products company’s stock valued at $31,081,000 after buying an additional 4,499 shares during the period. Artisan Partners Limited Partnership purchased a new stake in Xylem during the 2nd quarter valued at $439,000. Finally, Thrivent Financial For Lutherans boosted its position in Xylem by 63.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 118,249 shares of the industrial products company’s stock valued at $6,554,000 after buying an additional 45,689 shares during the period. 86.43% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on XYL shares. Stifel Nicolaus reissued a “hold” rating and set a $52.00 price target on shares of Xylem in a research report on Friday, May 26th. Boenning Scattergood reissued a “buy” rating and set a $55.00 price target on shares of Xylem in a research report on Wednesday, June 7th. BidaskClub raised shares of Xylem from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. BMO Capital Markets started coverage on shares of Xylem in a research report on Wednesday, June 21st. They set an “outperform” rating and a $60.00 price target for the company. Finally, Oppenheimer Holdings, Inc. set a $58.00 price target on shares of Xylem and gave the company a “buy” rating in a research report on Tuesday, June 20th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $59.67.
Xylem Inc. (NYSE XYL) opened at 63.97 on Friday. The company has a market capitalization of $11.49 billion, a price-to-earnings ratio of 41.30 and a beta of 1.17. The firm has a 50-day moving average of $60.96 and a 200 day moving average of $54.45. Xylem Inc. has a one year low of $45.60 and a one year high of $64.49.
Xylem (NYSE:XYL) last issued its earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The business’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 earnings per share. Equities research analysts predict that Xylem Inc. will post $2.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Tuesday, August 29th. Xylem’s dividend payout ratio is currently 46.45%.
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In other news, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of 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 can be accessed through the SEC website. Also, Director Steven R. Loranger sold 66,132 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the sale, the director now directly owns 65,030 shares of the company’s stock, valued at $3,577,300.30. 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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