Putnam FL Investment Management Co. Acquires 856 Shares of Xylem Inc (XYL)
Putnam FL Investment Management Co. increased its holdings in shares of Xylem Inc (NYSE:XYL) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 120,448 shares of the industrial products company’s stock after purchasing an additional 856 shares during the quarter. Putnam FL Investment Management Co.’s holdings in Xylem were worth $8,215,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Invictus RG bought a new stake in shares of Xylem during the third quarter worth approximately $104,000. Hanson & Doremus Investment Management bought a new position in shares of Xylem in the fourth quarter valued at about $126,000. FNY Partners Fund LP raised its position in shares of Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,700 shares during the period. UMB Bank N A MO bought a new position in shares of Xylem in the fourth quarter valued at about $205,000. Finally, BTIM Corp. bought a new position in shares of Xylem in the fourth quarter valued at about $206,000. 85.49% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the stock. Canaccord Genuity reissued a “hold” rating and issued a $65.00 price objective on shares of Xylem in a research report on Wednesday, November 1st. Royal Bank of Canada reissued a “buy” rating and issued a $80.00 price objective on shares of Xylem in a research report on Thursday, January 4th. Oppenheimer increased their price objective on shares of Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, November 1st. BMO Capital Markets reissued a “buy” rating and issued a $83.00 price objective on shares of Xylem in a research report on Friday, January 26th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Xylem in a research report on Friday, December 15th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $70.00.
Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm earned $0.66 earnings per share. Xylem’s revenue for the quarter was up 16.6% compared to the same quarter last year. analysts anticipate that Xylem Inc will post 2.91 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.17%. This is a positive change from Xylem’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, February 14th. Xylem’s dividend payout ratio (DPR) is currently 39.13%.
In other Xylem news, Director Steven R. Loranger sold 47,712 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $68.10, for a total transaction of $3,249,187.20. Following the sale, the director now directly owns 68,843 shares in the company, valued at $4,688,208.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven R. Loranger sold 17,139 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $68.10, for a total transaction of $1,167,165.90. Following the sale, the director now owns 26,150 shares in the company, valued at $1,780,815. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,507 shares of company stock worth $4,596,445. 0.75% of the stock is owned by 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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