Chapin Davis Inc. Makes New Investment in Xylem Inc. (NYSE:XYL)

Chapin Davis Inc. bought a new position in Xylem Inc. (NYSE:XYL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,645 shares of the industrial products company’s stock, valued at approximately $213,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Xylem by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after acquiring an additional 187,847 shares during the last quarter. Morgan Stanley lifted its position in Xylem by 11.5% in the 3rd quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company’s stock worth $412,267,000 after buying an additional 466,911 shares during the last quarter. Royal Bank of Canada lifted its position in Xylem by 10.6% in the 3rd quarter. Royal Bank of Canada now owns 3,408,200 shares of the industrial products company’s stock worth $310,249,000 after buying an additional 327,383 shares during the last quarter. Baillie Gifford & Co. lifted its position in Xylem by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 3,066,639 shares of the industrial products company’s stock worth $350,701,000 after buying an additional 69,619 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Xylem by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,527,487 shares of the industrial products company’s stock worth $289,043,000 after buying an additional 16,713 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Trading Down 3.0 %

Shares of XYL stock opened at $131.53 on Tuesday. The stock has a market capitalization of $31.89 billion, a P/E ratio of 46.81, a P/E/G ratio of 2.40 and a beta of 1.04. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $138.78 and its 200 day moving average is $127.28. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the company earned $0.72 earnings per share. Xylem’s revenue was up 40.4% on a year-over-year basis. Research analysts expect that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were given a $0.36 dividend. The ex-dividend date was Thursday, May 30th. This represents a $1.44 annualized dividend and a yield of 1.09%. Xylem’s payout ratio is presently 51.25%.

Insider Transactions at Xylem

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. BNP Paribas assumed coverage on Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price target on the stock. Royal Bank of Canada lifted their price target on Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Mizuho lifted their price target on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. TD Cowen boosted their target price on Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Argus lifted their price target on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.92.

Xylem Company 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.