Norinchukin Bank The Raises Holdings in Xylem Inc. (XYL)
Norinchukin Bank The lifted its position in shares of Xylem Inc. (NYSE:XYL) by 7.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,366 shares of the industrial products company’s stock after acquiring an additional 894 shares during the period. Norinchukin Bank The’s holdings in Xylem were worth $837,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in XYL. USS Investment Management Ltd bought a new position in shares of Xylem during the second quarter worth about $91,840,000. Janus Henderson Group PLC grew its position in shares of Xylem by 404.5% during the second quarter. Janus Henderson Group PLC now owns 1,853,943 shares of the industrial products company’s stock worth $102,758,000 after acquiring an additional 1,486,463 shares during the last quarter. Voya Investment Management LLC grew its position in Xylem by 554.0% in the 2nd quarter. Voya Investment Management LLC now owns 1,242,748 shares of the industrial products company’s stock valued at $68,886,000 after buying an additional 1,052,719 shares in the last quarter. William Blair Investment Management LLC bought a new position in Xylem in the 2nd quarter valued at about $48,151,000. Finally, State Street Corp grew its position in Xylem by 11.5% in the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after buying an additional 861,484 shares in the last quarter. Institutional investors and hedge funds own 85.66% of the company’s stock.
In other news, insider Colin R. Sabol sold 38,070 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the completion of the transaction, the insider now owns 61,979 shares in the company, valued at approximately $4,078,837.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Curtis J. Crawford sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total transaction of $498,300.00. Following the transaction, the director now owns 52,385 shares of the company’s stock, valued at approximately $3,480,459.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,270 shares of company stock valued at $5,501,312. Insiders own 0.75% of the company’s stock.
Xylem Inc. (NYSE XYL) traded down $0.27 during trading hours on Wednesday, hitting $68.25. 363,804 shares of the stock traded hands, compared to its average volume of 1,212,622. Xylem Inc. has a one year low of $46.67 and a one year high of $68.54. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.76. The company has a market cap of $12,157.13, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.16.
Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. equities analysts forecast that Xylem Inc. will post 2.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.05%. Xylem’s dividend payout ratio (DPR) is 41.86%.
XYL has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $71.00 target price (up previously from $64.00) on shares of Xylem in a research report on Wednesday, October 4th. Canaccord Genuity reiterated a “hold” rating and issued a $56.00 target price on shares of Xylem in a research report on Friday, October 6th. Boenning Scattergood reiterated an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $63.00 target price on shares of Xylem in a research report on Friday, October 13th. Finally, Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Thursday, October 5th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $65.17.
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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