Atlanta Capital Management Co. L L C Has $49.40 Million Holdings in Xylem Inc (XYL)

Atlanta Capital Management Co. L L C boosted its position in Xylem Inc (NYSE:XYL) by 18.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 788,824 shares of the industrial products company’s stock after purchasing an additional 122,608 shares during the period. Atlanta Capital Management Co. L L C owned approximately 0.44% of Xylem worth $49,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XYL. Strs Ohio lifted its stake in Xylem by 6.2% in the second quarter. Strs Ohio now owns 21,049 shares of the industrial products company’s stock worth $1,166,000 after purchasing an additional 1,232 shares during the last quarter. NGAM Advisors L.P. lifted its stake in Xylem by 57.5% in the second quarter. NGAM Advisors L.P. now owns 21,669 shares of the industrial products company’s stock worth $1,201,000 after purchasing an additional 7,911 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Xylem by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after purchasing an additional 58 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Xylem by 0.4% in the second quarter. Retirement Systems of Alabama now owns 87,134 shares of the industrial products company’s stock worth $4,830,000 after purchasing an additional 381 shares during the last quarter. Finally, Pioneer Investment Management Inc. lifted its stake in Xylem by 119.0% in the second quarter. Pioneer Investment Management Inc. now owns 237,072 shares of the industrial products company’s stock worth $13,141,000 after purchasing an additional 128,812 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on XYL. Zacks Investment Research downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research note on Wednesday. Seaport Global Securities reaffirmed a “buy” rating on shares of Xylem in a research report on Wednesday, November 1st. Canaccord Genuity reaffirmed a “hold” rating and set a $65.00 target price on shares of Xylem in a research report on Wednesday, November 1st. Oppenheimer raised their target price on shares of 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 raised their target price on shares of Xylem from $74.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $65.17.

Shares of Xylem Inc (NYSE:XYL) traded down $0.19 during trading hours on Friday, hitting $68.19. 681,266 shares of the stock were exchanged, compared to its average volume of 642,717. The stock has a market capitalization of $12,281.05, a price-to-earnings ratio of 29.86, a PEG ratio of 1.91 and a beta of 1.17. Xylem Inc has a fifty-two week low of $46.67 and a fifty-two week high of $69.88. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Thursday, November 2nd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.06%. The ex-dividend date was Wednesday, November 1st. Xylem’s payout ratio is 41.86%.

In related news, Director Steven R. Loranger sold 37,700 shares of Xylem stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $66.25, for a total transaction of $2,497,625.00. Following the transaction, the director now directly owns 58,831 shares of the company’s stock, valued at $3,897,553.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Colin R. Sabol sold 38,070 shares of Xylem stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the transaction, the insider now directly owns 61,979 shares in the company, valued at $4,078,837.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,270 shares of company stock worth $5,501,312. 0.75% of the stock is currently owned by corporate insiders.

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About Xylem

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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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