UMB Bank n.a. Grows Position in Xylem Inc. (NYSE:XYL)

UMB Bank n.a. grew its stake in Xylem Inc. (NYSE:XYL) by 96.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 382 shares of the industrial products company’s stock after buying an additional 188 shares during the period. UMB Bank n.a.’s holdings in Xylem were worth $52,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Xylem by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after buying an additional 187,847 shares during the last quarter. Swedbank AB boosted its holdings in shares of Xylem by 1.0% in the 2nd quarter. Swedbank AB now owns 2,436,974 shares of the industrial products company’s stock valued at $330,527,000 after acquiring an additional 25,308 shares during the last quarter. Norges Bank acquired a new stake in shares of Xylem in the fourth quarter worth $198,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Xylem by 1,503.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after purchasing an additional 1,547,043 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in Xylem in the fourth quarter valued at $187,207,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Xylem Stock Up 1.3 %

XYL opened at $137.53 on Friday. The company has a market cap of $33.34 billion, a PE ratio of 48.94, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a 50-day moving average price of $134.76 and a 200 day moving average price of $133.54. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business’s revenue was up 26.0% compared to the same quarter last year. Sell-side analysts expect that Xylem Inc. will post 4.25 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s payout ratio is 51.25%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price target on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Argus raised their price objective on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Oppenheimer boosted their target price on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Finally, Royal Bank of Canada raised their price target on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.54.

Xylem 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.