Independent Investors Inc. Buys Shares of 8,670 Xylem Inc (XYL)
Independent Investors Inc. bought a new stake in shares of Xylem Inc (NYSE:XYL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,670 shares of the industrial products company’s stock, valued at approximately $591,000.
Other large investors have also made changes to their positions in the company. Invictus RG acquired a new position in Xylem during the 3rd quarter valued at about $104,000. Hanson & Doremus Investment Management acquired a new position in shares of Xylem in the fourth quarter valued at about $126,000. Tower Research Capital LLC TRC acquired a new position in shares of Xylem in the second quarter valued at about $168,000. FNY Partners Fund LP increased its holdings in shares of Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,700 shares during the period. Finally, Advisor Group Inc. increased its holdings in shares of Xylem by 18.3% in the second quarter. Advisor Group Inc. now owns 3,592 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 555 shares during the period. 85.55% of the stock is currently owned by institutional investors.
In other news, Director Steven R. Loranger sold 17,139 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $68.10, for a total value of $1,167,165.90. Following the sale, the director now owns 26,150 shares in the company, valued at $1,780,815. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Colin R. Sabol sold 38,070 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total value of $2,505,386.70. Following the completion of the sale, the insider now owns 61,979 shares in the company, valued at approximately $4,078,837.99. The disclosure for this sale can be found here. Insiders sold 150,777 shares of company stock worth $10,097,757 in the last 90 days. Company insiders own 0.75% of the company’s stock.
Xylem (NYSE:XYL) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue was up 33.2% compared to the same quarter last year. research analysts expect that Xylem Inc will post 2.39 EPS for the current fiscal year.
A number of brokerages have recently weighed in on XYL. Canaccord Genuity reissued a “hold” rating and issued a $75.00 price objective on shares of Xylem in a report on Sunday. BMO Capital Markets reissued a “buy” rating and issued a $83.00 price objective on shares of Xylem in a report on Friday. Seaport Global Securities reissued a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Sunday, January 21st. Finally, Robert W. Baird reissued a “hold” rating and issued a $67.00 price objective on shares of Xylem in a report on Wednesday, October 4th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $68.08.
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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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