Caxton Associates LP Decreases Position in Xylem Inc (XYL)
Caxton Associates LP trimmed its position in shares of Xylem Inc (NYSE:XYL) by 37.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the industrial products company’s stock after selling 30,000 shares during the period. Caxton Associates LP’s holdings in Xylem were worth $3,132,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Xylem by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock valued at $740,000 after buying an additional 39 shares in the last quarter. CIBC Asset Management Inc grew its position in Xylem by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after acquiring an additional 58 shares during the last quarter. Manchester Capital Management LLC grew its position in Xylem by 0.5% during the 2nd quarter. Manchester Capital Management LLC now owns 14,198 shares of the industrial products company’s stock worth $787,000 after acquiring an additional 76 shares during the last quarter. Commerce Bank grew its position in Xylem by 0.9% during the 2nd quarter. Commerce Bank now owns 10,672 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 90 shares during the last quarter. Finally, Bluestein R H & Co. grew its position in Xylem by 1.0% during the 2nd quarter. Bluestein R H & Co. now owns 10,100 shares of the industrial products company’s stock worth $560,000 after acquiring an additional 100 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a research report on Wednesday. Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a research report on Wednesday, November 1st. Canaccord Genuity reiterated a “hold” rating and issued a $65.00 price objective on shares of Xylem in a research report on Wednesday, November 1st. Oppenheimer lifted their price objective on Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets lifted their price objective on Xylem from $74.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Xylem currently has a consensus rating of “Buy” and a consensus target price of $65.17.
Xylem Inc (NYSE:XYL) traded down $0.18 during mid-day trading on Friday, hitting $68.19. The stock had a trading volume of 681,266 shares, compared to its average volume of 642,717. Xylem Inc has a 52-week low of $46.67 and a 52-week high of $69.88. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $12,246.92, a PE ratio of 29.78, a P/E/G ratio of 1.90 and a beta of 1.17.
Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company’s revenue was up 33.2% on a year-over-year basis. analysts expect that Xylem Inc will post 2.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is presently 41.86%.
In other Xylem news, insider Colin R. Sabol sold 38,070 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the completion of the sale, the insider now owns 61,979 shares of the company’s stock, valued at $4,078,837.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Curtis J. Crawford sold 7,500 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total value of $498,300.00. Following the sale, the director now directly 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 quarter, insiders have sold 83,270 shares of company stock valued at $5,501,312. 0.75% of the stock is owned by company insiders.
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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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