Menu Close

Williams Jones Wealth Management LLC. Sells 1,615 Shares of Xylem Inc. (NYSE:XYL)

Williams Jones Wealth Management LLC. trimmed its holdings in Xylem Inc. (NYSE:XYLGet Rating) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,114 shares of the industrial products company’s stock after selling 1,615 shares during the quarter. Williams Jones Wealth Management LLC. owned 0.09% of Xylem worth $13,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Hsbc Holdings PLC boosted its position in shares of Xylem by 2.5% in the first quarter. Hsbc Holdings PLC now owns 326,625 shares of the industrial products company’s stock valued at $28,206,000 after acquiring an additional 8,029 shares during the period. Renaissance Technologies LLC lifted its position in Xylem by 613.3% in the first quarter. Renaissance Technologies LLC now owns 1,183,400 shares of the industrial products company’s stock worth $100,897,000 after purchasing an additional 1,017,500 shares during the period. Northern Trust Corp lifted its position in Xylem by 2.2% in the first quarter. Northern Trust Corp now owns 2,291,462 shares of the industrial products company’s stock worth $195,370,000 after purchasing an additional 49,464 shares during the period. ING Groep NV lifted its position in Xylem by 21.6% in the first quarter. ING Groep NV now owns 28,610 shares of the industrial products company’s stock worth $2,439,000 after purchasing an additional 5,075 shares during the period. Finally, Verition Fund Management LLC lifted its position in Xylem by 30.4% in the first quarter. Verition Fund Management LLC now owns 9,436 shares of the industrial products company’s stock worth $805,000 after purchasing an additional 2,199 shares during the period. 84.04% of the stock is owned by institutional investors.

Insider Activity at Xylem

In other Xylem news, Director Victoria D. Harker sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $100.26, for a total transaction of $501,300.00. Following the transaction, the director now owns 21,099 shares in the company, valued at $2,115,385.74. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Xylem news, Director Victoria D. Harker sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $100.26, for a total transaction of $501,300.00. Following the transaction, the director now owns 21,099 shares in the company, valued at $2,115,385.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Hayati Yarkadas sold 2,082 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $74.18, for a total value of $154,442.76. Following the transaction, the senior vice president now owns 9,556 shares in the company, valued at approximately $708,864.08. The disclosure for this sale can be found here. Insiders have sold a total of 13,580 shares of company stock worth $1,185,927 over the last 90 days. Insiders own 0.89% of the company’s stock.

Xylem Stock Performance

Shares of NYSE:XYL opened at $96.87 on Friday. Xylem Inc. has a twelve month low of $72.08 and a twelve month high of $136.15. The firm has a market cap of $17.45 billion, a PE ratio of 41.75, a price-to-earnings-growth ratio of 3.09 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 1.63. The business has a fifty day moving average of $90.52 and a 200-day moving average of $86.07.

Xylem (NYSE:XYLGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.12. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Xylem had a return on equity of 13.66% and a net margin of 8.06%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 earnings per share. On average, equities research analysts predict that Xylem Inc. will post 2.6 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.24%. The ex-dividend date is Wednesday, August 31st. Xylem’s dividend payout ratio is 51.72%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XYL shares. Morgan Stanley reduced their target price on Xylem from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, June 9th. Stifel Nicolaus upgraded Xylem from a “hold” rating to a “buy” rating and increased their price objective for the stock from $90.00 to $94.00 in a research note on Wednesday, July 20th. Credit Suisse Group upgraded Xylem from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $77.00 to $96.00 in a research note on Wednesday, August 3rd. Citigroup increased their price objective on Xylem from $84.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Finally, Cowen increased their price objective on Xylem from $75.00 to $85.00 and gave the stock a “market perform” rating in a research note on Monday, August 29th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Xylem presently has a consensus rating of “Hold” and a consensus price target of $101.64.

About Xylem

(Get Rating)

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

See Also

Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc. (NYSE:XYLGet Rating).

Receive News & Ratings for Xylem Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Xylem and related companies with MarketBeat.com’s FREE daily email newsletter.