AMP Capital Investors Ltd Buys 10,405 Shares of Xylem Inc (XYL)

AMP Capital Investors Ltd raised its stake in shares of Xylem Inc (NYSE:XYL) by 14.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,894 shares of the industrial products company’s stock after purchasing an additional 10,405 shares during the period. AMP Capital Investors Ltd’s holdings in Xylem were worth $5,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of XYL. Congress Asset Management Co. MA raised its position in Xylem by 4,780.9% during the second quarter. Congress Asset Management Co. MA now owns 1,112,856 shares of the industrial products company’s stock valued at $74,984,000 after purchasing an additional 1,090,056 shares during the period. Janus Henderson Group PLC raised its position in Xylem by 38.1% during the second quarter. Janus Henderson Group PLC now owns 3,189,273 shares of the industrial products company’s stock valued at $214,898,000 after purchasing an additional 880,125 shares during the period. USS Investment Management Ltd raised its position in Xylem by 43.7% during the second quarter. USS Investment Management Ltd now owns 2,615,320 shares of the industrial products company’s stock valued at $176,220,000 after purchasing an additional 795,628 shares during the period. Renaissance Technologies LLC raised its position in Xylem by 553.1% during the second quarter. Renaissance Technologies LLC now owns 442,800 shares of the industrial products company’s stock valued at $29,836,000 after purchasing an additional 375,000 shares during the period. Finally, Baird Financial Group Inc. raised its position in Xylem by 115.9% during the second quarter. Baird Financial Group Inc. now owns 624,386 shares of the industrial products company’s stock valued at $42,071,000 after purchasing an additional 335,245 shares during the period. Institutional investors and hedge funds own 85.83% of the company’s stock.

In other news, Director Curtis J. Crawford sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $76.26, for a total value of $571,950.00. Following the sale, the director now directly owns 40,421 shares in the company, valued at $3,082,505.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Curtis J. Crawford sold 1,323 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $75.25, for a total value of $99,555.75. Following the completion of the sale, the director now owns 40,421 shares in the company, valued at $3,041,680.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,623 shares of company stock worth $2,320,592. Company insiders own 0.81% of the company’s stock.

XYL has been the topic of a number of recent research reports. Oppenheimer restated a “buy” rating on shares of Xylem in a research report on Tuesday, July 31st. Robert W. Baird restated a “hold” rating and set a $80.00 price objective on shares of Xylem in a research report on Wednesday, August 1st. Canaccord Genuity restated a “hold” rating and set a $78.00 price objective on shares of Xylem in a research report on Wednesday, August 1st. Stifel Nicolaus upped their price objective on Xylem from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research upgraded Xylem from a “sell” rating to a “hold” rating and set a $84.00 price objective on the stock in a research report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $82.82.

Shares of NYSE XYL opened at $80.93 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 0.86. Xylem Inc has a fifty-two week low of $62.19 and a fifty-two week high of $81.32. The company has a market capitalization of $14.37 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. Xylem had a return on equity of 19.04% and a net margin of 7.39%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. equities research analysts anticipate that Xylem Inc will post 2.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, August 30th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 1.04%. Xylem’s payout ratio is 35.00%.

Xylem Profile

Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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