Menu Close

Russell Investments Group Ltd. Has $8.10 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

view original post

Russell Investments Group Ltd. raised its position in Xylem Inc. (NYSE:XYL) by 22.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,791 shares of the industrial products company’s stock after buying an additional 11,698 shares during the quarter. Russell Investments Group Ltd.’s holdings in Xylem were worth $8,101,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. lifted its position in shares of Xylem by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 6,017 shares of the industrial products company’s stock valued at $722,000 after acquiring an additional 966 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Xylem by 13.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,419 shares of the industrial products company’s stock valued at $4,009,000 after acquiring an additional 3,899 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of Xylem by 49.2% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 795 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 262 shares during the period. Rafferty Asset Management LLC lifted its position in shares of Xylem by 18.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 4,031 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 628 shares during the period. Finally, Atria Investments LLC lifted its position in shares of Xylem by 27.7% during the 2nd quarter. Atria Investments LLC now owns 17,116 shares of the industrial products company’s stock valued at $2,053,000 after acquiring an additional 3,711 shares during the period. 83.84% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Patrick Decker sold 54,643 shares of Xylem stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $132.91, for a total value of $7,262,601.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew Francis Pine sold 2,000 shares of Xylem stock in a transaction on Wednesday, December 1st. The shares were sold at an average price of $121.32, for a total value of $242,640.00. The disclosure for this sale can be found here. Insiders sold 64,238 shares of company stock valued at $8,470,296 over the last three months. Company insiders own 0.90% of the company’s stock.

XYL stock opened at $111.54 on Friday. Xylem Inc. has a twelve month low of $94.63 and a twelve month high of $138.78. The company has a quick ratio of 1.81, a current ratio of 2.33 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average is $121.63 and its 200-day moving average is $125.52. The firm has a market capitalization of $20.11 billion, a PE ratio of 43.74, a P/E/G ratio of 3.26 and a beta of 1.03.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, November 2nd. The industrial products company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.04. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. Xylem had a return on equity of 15.97% and a net margin of 8.81%. During the same period last year, the company posted $0.62 earnings per share. On average, equities research analysts anticipate that Xylem Inc. will post 2.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 21st. Shareholders of record on Tuesday, November 23rd were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, November 22nd. Xylem’s dividend payout ratio is currently 43.92%.

Several analysts recently weighed in on the company. Boenning Scattergood restated a “neutral” rating on shares of Xylem in a research report on Tuesday, November 2nd. Mizuho began coverage on Xylem in a research report on Thursday, December 16th. They issued a “neutral” rating and a $115.00 target price for the company. Rosenblatt Securities downgraded Xylem from a “buy” rating to a “hold” rating and dropped their target price for the company from $140.00 to $120.00 in a research report on Friday, October 1st. Loop Capital began coverage on Xylem in a research report on Monday, November 22nd. They issued a “hold” rating and a $120.00 target price for the company. Finally, Raymond James downgraded Xylem from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $122.30.

Xylem Company Profile

Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.

See Also: Buy Rating

Want More Great Investing Ideas?