Intact Investment Management Inc. Purchases New Shares in Xylem Inc. $XYL

Intact Investment Management Inc. acquired a new position in Xylem Inc. (NYSE:XYL) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,300 shares of the industrial products company’s stock, valued at approximately $1,224,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. increased its position in shares of Xylem by 1,844.4% during the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 166 shares during the last quarter. First Horizon Corp acquired a new stake in Xylem during the 3rd quarter valued at approximately $30,000. ST Germain D J Co. Inc. increased its holdings in Xylem by 950.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 228 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Xylem in the 3rd quarter valued at approximately $34,000. Finally, Caldwell Trust Co purchased a new position in shares of Xylem during the 2nd quarter valued at approximately $41,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on XYL. Weiss Ratings restated a “buy (b-)” rating on shares of Xylem in a research note on Monday, December 29th. Stifel Nicolaus upped their target price on shares of Xylem from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Mizuho decreased their price target on Xylem from $160.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, January 5th. Zacks Research cut Xylem from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, William Blair assumed coverage on Xylem in a report on Monday. They set an “outperform” rating on the stock. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average target price of $165.80.

Xylem Price Performance

XYL opened at $143.38 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.96 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $139.71 and its 200 day moving average price is $141.69. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $154.27. The firm has a market cap of $34.91 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 2.00 and a beta of 1.17.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Xylem had a return on equity of 10.77% and a net margin of 10.66%.The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 EPS. As a group, sell-side analysts expect that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, November 25th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $1.60 annualized dividend and a yield of 1.1%. Xylem’s dividend payout ratio (DPR) is currently 41.13%.

Insiders Place Their Bets

In other news, EVP Claudia S. Toussaint sold 10,421 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $152.64, for a total transaction of $1,590,661.44. Following the completion of the transaction, the executive vice president owned 31,250 shares of the company’s stock, valued at approximately $4,770,000. The trade was a 25.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Victoria D. Harker sold 1,700 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $148.14, for a total transaction of $251,838.00. Following the transaction, the director owned 16,875 shares of the company’s stock, valued at $2,499,862.50. This represents a 9.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.27% of the company’s stock.

Xylem Company Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.