Brown Advisory Inc. raised its position in shares of Xylem Inc (NYSE:XYL) by 48.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,336 shares of the industrial products company’s stock after acquiring an additional 10,840 shares during the period. Brown Advisory Inc.’s holdings in Xylem were worth $2,662,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the business. Perennial Advisors LLC boosted its stake in shares of Xylem by 1.9% during the second quarter. Perennial Advisors LLC now owns 36,114 shares of the industrial products company’s stock valued at $2,433,000 after purchasing an additional 681 shares during the period. Rathbone Brothers plc boosted its stake in shares of Xylem by 0.8% during the third quarter. Rathbone Brothers plc now owns 96,091 shares of the industrial products company’s stock valued at $7,675,000 after purchasing an additional 741 shares during the period. Stellar Capital Management LLC boosted its stake in shares of Xylem by 2.1% during the second quarter. Stellar Capital Management LLC now owns 39,820 shares of the industrial products company’s stock valued at $2,683,000 after purchasing an additional 805 shares during the period. Pinnacle Financial Partners Inc. boosted its stake in shares of Xylem by 14.5% during the third quarter. Pinnacle Financial Partners Inc. now owns 6,466 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 820 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Xylem by 10.2% during the third quarter. American Century Companies Inc. now owns 9,222 shares of the industrial products company’s stock valued at $737,000 after purchasing an additional 857 shares during the period. Institutional investors and hedge funds own 84.10% of the company’s stock.
XYL has been the subject of a number of recent analyst reports. Vertical Research lowered shares of Xylem from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Credit Suisse Group initiated coverage on shares of Xylem in a research note on Friday, October 12th. They set an “outperform” rating and a $86.00 target price for the company. Berenberg Bank initiated coverage on shares of Xylem in a research note on Wednesday, October 3rd. They set a “sell” rating and a $65.00 target price for the company. Royal Bank of Canada reissued a “buy” rating and set a $77.00 target price on shares of Xylem in a research note on Wednesday, October 31st. Finally, Oppenheimer reissued a “buy” rating on shares of Xylem in a research note on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Xylem currently has an average rating of “Buy” and an average target price of $79.00.
NYSE:XYL opened at $65.69 on Friday. Xylem Inc has a 1-year low of $63.71 and a 1-year high of $82.44. The stock has a market capitalization of $12.23 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 1.31 and a beta of 1.28. The company has a quick ratio of 1.07, a current ratio of 1.49 and a debt-to-equity ratio of 0.83.
Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.77. Xylem had a net margin of 7.75% and a return on equity of 19.54%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts predict that Xylem Inc will post 2.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Thursday, November 1st were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Wednesday, October 31st. Xylem’s dividend payout ratio (DPR) is presently 35.00%.
In other Xylem news, insider Colin R. Sabol sold 17,161 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $81.37, for a total value of $1,396,390.57. Following the completion of the transaction, the insider now directly owns 41,988 shares in the company, valued at $3,416,563.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul A. Stellato sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $82.00, for a total transaction of $123,000.00. Following the completion of the transaction, the insider now owns 12,796 shares of the company’s stock, valued at $1,049,272. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,661 shares of company stock valued at $1,755,281. 0.81% of the stock is owned by insiders.
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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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