GAMMA Investing LLC Acquires 264 Shares of Xylem Inc. (NYSE:XYL)

GAMMA Investing LLC raised its stake in shares of Xylem Inc. (NYSE:XYL) by 21.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,520 shares of the industrial products company’s stock after acquiring an additional 264 shares during the period. GAMMA Investing LLC’s holdings in Xylem were worth $196,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Kornitzer Capital Management Inc. KS lifted its position in Xylem by 9.0% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock valued at $12,566,000 after purchasing an additional 9,114 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Xylem by 1,503.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after buying an additional 1,547,043 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Xylem by 10,296.7% in the 4th quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock worth $7,205,000 after buying an additional 62,398 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Xylem by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after acquiring an additional 187,847 shares during the period. Finally, Evoke Wealth LLC purchased a new stake in Xylem during the fourth quarter valued at $680,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Buying and Selling at Xylem

In other news, SVP Rodney Aulick sold 21,800 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the sale, the senior vice president now directly owns 76,287 shares in the company, valued at approximately $10,604,655.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now directly owns 3,536 shares in the company, valued at $490,195.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the transaction, the senior vice president now owns 76,287 shares in the company, valued at approximately $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Xylem Stock Down 0.8 %

Shares of XYL stock opened at $139.27 on Friday. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $137.58 and its two-hundred day simple moving average is $125.60. The stock has a market cap of $33.77 billion, a P/E ratio of 49.56, a PEG ratio of 2.48 and a beta of 1.07.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the business posted $0.72 EPS. The firm’s revenue for the quarter was up 40.4% compared to the same quarter last year. Analysts predict that Xylem Inc. will post 4.25 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, May 30th. Xylem’s payout ratio is 51.25%.

Wall Street Analyst Weigh In

XYL has been the subject of a number of recent research reports. Argus boosted their price target on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. TD Cowen upped their target price on shares of Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, June 6th. BNP Paribas began coverage on shares of Xylem in a research note on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price target on the stock. Oppenheimer upped their price objective on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Finally, Royal Bank of Canada raised their target price on Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.92.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.