Flinton Capital Management LLC decreased its stake in shares of Xylem Inc (NYSE:XYL) by 6.2% during the 4th quarter, Holdings Channel reports. The firm owned 8,194 shares of the industrial products company’s stock after selling 544 shares during the period. Flinton Capital Management LLC’s holdings in Xylem were worth $547,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the business. Cascade Investment Advisors Inc. boosted its stake in shares of Xylem by 25.0% during the 4th quarter. Cascade Investment Advisors Inc. now owns 1,000 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 200 shares during the period. Independent Investors Inc. boosted its stake in shares of Xylem by 2.5% during the 4th quarter. Independent Investors Inc. now owns 9,500 shares of the industrial products company’s stock worth $633,000 after acquiring an additional 230 shares during the period. Mercer Capital Advisers Inc. boosted its stake in shares of Xylem by 33.3% during the 4th quarter. Mercer Capital Advisers Inc. now owns 1,000 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 250 shares during the period. ETF Managers Group LLC boosted its stake in shares of Xylem by 20.2% during the 4th quarter. ETF Managers Group LLC now owns 1,741 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 292 shares during the period. Finally, Greenleaf Trust boosted its stake in shares of Xylem by 11.4% during the 4th quarter. Greenleaf Trust now owns 3,034 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 310 shares during the period. 85.09% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on XYL. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Monday, February 4th. Oppenheimer set a $80.00 target price on Xylem and gave the stock a “buy” rating in a research note on Monday, February 4th. BMO Capital Markets restated a “buy” rating and issued a $85.00 price target on shares of Xylem in a research note on Monday, February 25th. ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Boenning Scattergood restated a “buy” rating and issued a $82.00 price target on shares of Xylem in a research note on Monday, November 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $78.36.
XYL opened at $76.50 on Friday. The firm has a market capitalization of $13.77 billion, a P/E ratio of 26.56, a PEG ratio of 1.32 and a beta of 1.14. Xylem Inc has a 1 year low of $60.65 and a 1 year high of $82.44. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.74.
Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. Xylem had a return on equity of 19.89% and a net margin of 10.54%. On average, research analysts expect that Xylem Inc will post 3.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 14th were issued a $0.24 dividend. The ex-dividend date was Wednesday, February 13th. This is a boost from Xylem’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 1.25%. Xylem’s payout ratio is currently 33.33%.
In other Xylem news, insider Tomas Brannemo sold 559 shares of Xylem stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $74.44, for a total value of $41,611.96. Following the completion of the transaction, the insider now directly owns 10,568 shares of the company’s stock, valued at approximately $786,681.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kenneth Napolitano sold 35,526 shares of Xylem stock in a transaction on Monday, February 4th. The shares were sold at an average price of $70.17, for a total value of $2,492,859.42. The disclosure for this sale can be found here. Insiders sold a total of 46,921 shares of company stock valued at $3,358,557 over the last ninety days. Insiders own 0.81% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://transcriptdaily.com/2019/03/15/xylem-inc-xyl-holdings-decreased-by-flinton-capital-management-llc.html.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
Recommended Story: Cost of Capital Explained
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:XYL).
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.