Halsey Associates Inc. CT Takes $697,000 Position in Xylem Inc (XYL)

Halsey Associates Inc. CT purchased a new stake in Xylem Inc (NYSE:XYL) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 10,216 shares of the industrial products company’s stock, valued at approximately $697,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Greenleaf Trust increased its holdings in shares of Xylem by 97.4% in the fourth quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock valued at $102,000 after buying an additional 735 shares in the last quarter. Invictus RG acquired a new stake in Xylem during the 3rd quarter valued at $104,000. Hanson & Doremus Investment Management acquired a new stake in Xylem during the 4th quarter valued at $126,000. FNY Partners Fund LP raised its stake in Xylem by 2,700.0% during the 3rd quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,700 shares during the period. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in Xylem during the 3rd quarter valued at $205,000. 85.40% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

XYL has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Canaccord Genuity reissued a “hold” rating and set a $65.00 target price on shares of Xylem in a research note on Monday, December 11th. Boenning Scattergood reissued a “buy” rating on shares of Xylem in a research note on Friday, December 15th. Royal Bank of Canada reissued a “buy” rating and set a $80.00 target price on shares of Xylem in a research note on Thursday, January 4th. Finally, BMO Capital Markets reissued a “buy” rating and set a $83.00 target price on shares of Xylem in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Xylem has an average rating of “Buy” and a consensus price target of $72.42.

In other news, insider Tomas Brannemo sold 11,716 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $73.45, for a total transaction of $860,540.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven R. Loranger sold 17,139 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $68.10, for a total transaction of $1,167,165.90. Following the transaction, the director now owns 26,150 shares in the company, valued at $1,780,815. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,244 shares of company stock worth $2,708,073. 0.75% of the stock is currently owned by corporate insiders.

Xylem Inc (XYL) traded up $0.70 during trading on Tuesday, hitting $78.87. 49,736 shares of the stock traded hands, compared to its average volume of 1,041,448. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.41 and a current ratio of 1.88. Xylem Inc has a fifty-two week low of $47.92 and a fifty-two week high of $79.67. The stock has a market cap of $14,112.60, a PE ratio of 42.48, a P/E/G ratio of 1.51 and a beta of 1.12.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the company posted $0.66 EPS. Xylem’s revenue was up 16.6% on a year-over-year basis. research analysts anticipate that Xylem Inc will post 2.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.21 per share. This is a boost from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Wednesday, February 14th. Xylem’s payout ratio is currently 45.65%.

COPYRIGHT VIOLATION NOTICE: “Halsey Associates Inc. CT Takes $697,000 Position in Xylem Inc (XYL)” was first reported by Stock Observer and is the property of of Stock Observer. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.thestockobserver.com/2018/03/20/halsey-associates-inc-ct-takes-697000-position-in-xylem-inc-xyl.html.

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.

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).

Institutional Ownership by Quarter for Xylem (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.

Leave a Reply