State of Alaska Department of Revenue Acquires 1,515 Shares of Xylem Inc. (NYSE:XYL)

State of Alaska Department of Revenue increased its holdings in shares of Xylem Inc. (NYSE:XYLGet Rating) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,468 shares of the industrial products company’s stock after acquiring an additional 1,515 shares during the quarter. State of Alaska Department of Revenue’s holdings in Xylem were worth $2,537,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. James Reed Financial Services Inc. bought a new stake in Xylem during the fourth quarter worth $26,000. Riverview Trust Co bought a new stake in Xylem in the 1st quarter valued at about $26,000. Cyrus J. Lawrence LLC purchased a new stake in Xylem during the first quarter valued at about $26,000. Tompkins Financial Corp purchased a new stake in Xylem during the first quarter valued at about $34,000. Finally, Parkside Investments LLC purchased a new stake in Xylem during the first quarter valued at about $35,000. 84.04% of the stock is currently owned by institutional investors.

Xylem Stock Down 2.9 %

XYL stock opened at $90.70 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.19 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $93.45 and its 200 day moving average is $86.51. The stock has a market cap 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. Xylem Inc. has a 1-year low of $72.08 and a 1-year high of $136.15.

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

Xylem Announces Dividend

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

Analyst Ratings Changes

Several research firms have commented on XYL. Citigroup upped their price objective on shares of Xylem from $84.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, August 3rd. The Goldman Sachs Group upped their price objective on shares of Xylem from $87.00 to $99.00 and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Cowen upped their price objective on shares of Xylem from $75.00 to $85.00 and gave the company a “market perform” rating in a report on Monday, August 29th. Mizuho upped 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. Finally, TheStreet raised shares of Xylem from a “c” rating to a “b-” rating in a report on Thursday, August 11th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Xylem has an average rating of “Hold” and a consensus price target of $101.64.

Insider Buying and Selling at Xylem

In other Xylem news, SVP Hayati Yarkadas sold 5,898 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $80.06, for a total transaction of $472,193.88. Following the transaction, the senior vice president now directly owns 9,556 shares in the company, valued at $765,053.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Hayati Yarkadas sold 5,898 shares of Xylem stock in a transaction on Monday, June 27th. The shares were sold at an average price of $80.06, for a total value of $472,193.88. Following the transaction, the senior vice president now directly owns 9,556 shares of the company’s stock, valued at $765,053.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Victoria D. Harker sold 5,000 shares of Xylem stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $100.26, for a total transaction of $501,300.00. Following the completion of the transaction, the director now directly owns 21,099 shares in the company, valued at $2,115,385.74. The disclosure for this sale can be found here. Insiders have sold 11,498 shares of company stock worth $1,031,484 over the last ninety days. Insiders own 0.89% of the company’s stock.

Xylem 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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