Massmutual Trust Co. FSB ADV raised its stake in shares of Xylem Inc. (NYSE:XYL – Free Report) by 59.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 507 shares of the industrial products company’s stock after purchasing an additional 189 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Xylem were worth $46,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XYL. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Xylem by 350,026.0% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 29,165,496 shares of the industrial products company’s stock valued at $3,284,618,000 after purchasing an additional 29,157,166 shares during the last quarter. Providence Capital Advisors LLC lifted its holdings in shares of Xylem by 10,558.2% during the first quarter. Providence Capital Advisors LLC now owns 4,819,309 shares of the industrial products company’s stock valued at $46,029,000 after acquiring an additional 4,774,092 shares during the period. BlackRock Inc. lifted its holdings in shares of Xylem by 21.3% during the second quarter. BlackRock Inc. now owns 25,741,159 shares of the industrial products company’s stock valued at $2,898,969,000 after acquiring an additional 4,521,913 shares during the period. First Trust Advisors LP increased its stake in shares of Xylem by 399.3% in the first quarter. First Trust Advisors LP now owns 2,951,349 shares of the industrial products company’s stock valued at $251,632,000 after buying an additional 2,360,214 shares in the last quarter. Finally, Morgan Stanley increased its position in Xylem by 145.5% in the fourth quarter. Morgan Stanley now owns 3,731,215 shares of the industrial products company’s stock worth $412,561,000 after purchasing an additional 2,211,083 shares during the period. Institutional investors and hedge funds own 84.53% of the company’s stock.
Insiders Place Their Bets
In other Xylem news, CEO Patrick Decker sold 99,648 shares of Xylem stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $100.84, for a total transaction of $10,048,504.32. Following the completion of the sale, the chief executive officer now owns 287,564 shares of the company’s stock, valued at $28,997,953.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.
Xylem Price Performance
Xylem (NYSE:XYL – Get Free Report) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.10. Xylem had a return on equity of 10.99% and a net margin of 7.29%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue was up 52.2% compared to the same quarter last year. On average, equities research analysts forecast that Xylem Inc. will post 3.75 earnings per share for the current year.
Xylem Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 21st will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.30%. The ex-dividend date is Monday, November 20th. Xylem’s dividend payout ratio (DPR) is currently 54.10%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Royal Bank of Canada dropped their price objective on Xylem from $123.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, November 1st. TheStreet upgraded Xylem from a “c+” rating to a “b-” rating in a report on Thursday, August 17th. StockNews.com assumed coverage on Xylem in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Melius raised Xylem from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research report on Monday, October 2nd. Finally, Seaport Res Ptn reissued a “neutral” rating on shares of Xylem in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Xylem presently has a consensus rating of “Hold” and a consensus price target of $118.40.
Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.
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