Meag Munich Ergo Kapitalanlagegesellschaft MBH Buys New Holdings in Xylem Inc. (XYL)

Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Xylem Inc. (NYSE:XYL) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 55,876 shares of the industrial products company’s stock, valued at approximately $3,500,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Teachers Advisors LLC grew its position in shares of Xylem by 12.7% in the 1st quarter. Teachers Advisors LLC now owns 273,420 shares of the industrial products company’s stock valued at $13,731,000 after buying an additional 30,811 shares during the last quarter. Capstone Asset Management Co. grew its position in shares of Xylem by 1.0% in the 2nd quarter. Capstone Asset Management Co. now owns 18,123 shares of the industrial products company’s stock valued at $1,005,000 after buying an additional 184 shares during the last quarter. Creative Planning grew its position in shares of Xylem by 9.8% in the 2nd quarter. Creative Planning now owns 15,711 shares of the industrial products company’s stock valued at $871,000 after buying an additional 1,398 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Xylem by 7.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,237 shares of the industrial products company’s stock valued at $512,000 after buying an additional 680 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. grew its position in shares of Xylem by 26.3% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 195,514 shares of the industrial products company’s stock valued at $10,837,000 after buying an additional 40,677 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

In related news, Director Curtis J. Crawford sold 7,500 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $66.44, for a total transaction of $498,300.00. Following the completion of the sale, the director now directly owns 52,385 shares of the company’s stock, valued at $3,480,459.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Colin R. Sabol sold 38,070 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total value of $2,505,386.70. Following the sale, the insider now directly owns 61,979 shares of the company’s stock, valued at $4,078,837.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,270 shares of company stock valued at $5,501,312. Company insiders own 0.75% of the company’s stock.

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Shares of Xylem Inc. (NYSE:XYL) opened at $66.03 on Tuesday. The company has a market capitalization of $11,898.50, a P/E ratio of 28.93, a PEG ratio of 1.85 and a beta of 1.16. Xylem Inc. has a 52 week low of $46.67 and a 52 week high of $67.64. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The company’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. equities research analysts predict that Xylem Inc. will post 2.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is presently 41.86%.

A number of equities research analysts have commented on the company. Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a research report on Wednesday, November 1st. BMO Capital Markets upped their price target on Xylem from $74.00 to $76.00 and gave the company an “outperform” rating in a research report on Wednesday, November 1st. Oppenheimer Holdings, Inc. upped their price target on Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, November 1st. Canaccord Genuity reiterated a “hold” rating and issued a $65.00 price target on shares of Xylem in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $63.00 price target on shares of Xylem in a research report on Friday, October 13th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price 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.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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