State of Alaska Department of Revenue Has $2.54 Million Stake in Xylem Inc. (NYSE:XYL)

State of Alaska Department of Revenue increased its position in shares of Xylem Inc. (NYSE:XYLGet Rating) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,468 shares of the industrial products company’s stock after buying an additional 1,515 shares during the period. State of Alaska Department of Revenue’s holdings in Xylem were worth $2,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Xylem by 23.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,583 shares of the industrial products company’s stock worth $5,507,000 after purchasing an additional 12,067 shares during the period. Assenagon Asset Management S.A. boosted its position in Xylem by 51.5% during the first quarter. Assenagon Asset Management S.A. now owns 26,463 shares of the industrial products company’s stock worth $2,256,000 after purchasing an additional 8,994 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its position in Xylem by 9.7% during the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,323 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 472 shares during the period. Citigroup Inc. boosted its position in Xylem by 4.8% during the first quarter. Citigroup Inc. now owns 182,263 shares of the industrial products company’s stock worth $15,540,000 after purchasing an additional 8,348 shares during the period. Finally, Banque Pictet & Cie SA bought a new position in Xylem during the first quarter worth $225,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of NYSE:XYL opened at $90.70 on Friday. The company’s 50 day simple moving average is $93.45 and its 200 day simple moving average is $86.51. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 3.04 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.63 and a quick ratio of 1.19. Xylem Inc. has a 1 year low of $72.08 and a 1 year high of $136.15.

Xylem (NYSE:XYLGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Xylem had a net margin of 8.06% and a return on equity of 13.66%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. As a group, research analysts predict that Xylem Inc. will post 2.6 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.32%. Xylem’s payout ratio is presently 51.72%.

Insiders Place Their Bets

In other Xylem news, Director Victoria D. Harker sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $100.26, for a total transaction of $501,300.00. Following the sale, the director now owns 21,099 shares of the company’s stock, valued at $2,115,385.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Xylem news, Director Victoria D. Harker sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $100.26, for a total transaction of $501,300.00. Following the sale, the director now owns 21,099 shares of the company’s stock, valued at $2,115,385.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Hayati Yarkadas sold 5,898 shares of the business’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $80.06, for a total transaction of $472,193.88. Following the sale, the senior vice president now directly owns 9,556 shares in the company, valued at approximately $765,053.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,498 shares of company stock valued at $1,031,484. 0.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on XYL shares. The Goldman Sachs Group lifted their price objective on shares of Xylem from $87.00 to $99.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. Cowen raised their price target on shares of Xylem from $75.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, August 29th. Mizuho boosted their price objective on shares of Xylem from $80.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Stifel Nicolaus raised shares of Xylem from a “hold” rating to a “buy” rating and raised their target price for the stock from $90.00 to $94.00 in a report on Wednesday, July 20th. Finally, Morgan Stanley lowered their target price on shares of Xylem from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, June 9th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.64.

Xylem Company Profile

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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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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