SG Americas Securities LLC Decreases Position in Xylem Inc. (XYL)
SG Americas Securities LLC reduced its stake in shares of Xylem Inc. (NYSE:XYL) by 75.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,199 shares of the industrial products company’s stock after selling 59,689 shares during the period. SG Americas Securities LLC’s holdings in Xylem were worth $1,064,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Macquarie Group Ltd. increased its position in Xylem by 840.0% in the fourth quarter. Macquarie Group Ltd. now owns 14,100 shares of the industrial products company’s stock valued at $699,000 after buying an additional 12,600 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Xylem by 6.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,784 shares of the industrial products company’s stock valued at $225,000 after buying an additional 286 shares during the period. Janney Montgomery Scott LLC increased its position in Xylem by 15.4% in the first quarter. Janney Montgomery Scott LLC now owns 14,610 shares of the industrial products company’s stock valued at $734,000 after buying an additional 1,951 shares during the period. Strs Ohio increased its position in Xylem by 4.4% in the first quarter. Strs Ohio now owns 19,817 shares of the industrial products company’s stock valued at $995,000 after buying an additional 836 shares during the period. Finally, Wetherby Asset Management Inc. purchased a new position in Xylem during the first quarter valued at $204,000. Institutional investors and hedge funds own 86.47% of the company’s stock.
Shares of Xylem Inc. (NYSE XYL) opened at 61.97 on Friday. The firm has a market cap of $11.13 billion, a PE ratio of 40.01 and a beta of 1.16. The firm’s 50-day moving average price is $59.03 and its 200 day moving average price is $53.21. Xylem Inc. has a 1-year low of $45.60 and a 1-year high of $62.41.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company posted $0.48 EPS. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. On average, equities research analysts forecast that Xylem Inc. will post $2.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, August 29th. Xylem’s dividend payout ratio is presently 46.45%.
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Several equities research analysts recently commented on XYL shares. CIBC reaffirmed a “buy” rating on shares of Xylem in a report on Wednesday, May 10th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Xylem in a report on Tuesday, May 9th. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Tuesday, July 4th. BidaskClub raised Xylem from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $55.00 price target on shares of Xylem in a report on Wednesday, June 7th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Xylem currently has a consensus rating of “Buy” and an average target price of $59.42.
In other news, insider Kenneth Napolitano sold 9,052 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total transaction of $544,568.32. Following the completion of the sale, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven R. Loranger sold 66,132 shares of the company’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total value of $3,637,921.32. Following the sale, the director now owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.
Xylem Company Profile
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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