Gamco Investors INC. ET AL Decreases Stake in Xylem Inc. (NYSE:XYL)

Gamco Investors INC. ET AL reduced its position in Xylem Inc. (NYSE:XYL) by 8.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 586,981 shares of the industrial products company’s stock after selling 52,184 shares during the period. Gamco Investors INC. ET AL owned approximately 0.32% of Xylem worth $61,457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XYL. Itau Unibanco Holding S.A. bought a new position in shares of Xylem during the fourth quarter worth about $28,000. Grey Fox Wealth Advisors LLC bought a new position in shares of Xylem during the fourth quarter worth about $28,000. Creative Financial Designs Inc. ADV bought a new position in shares of Xylem during the first quarter worth about $29,000. Avalon Trust Co bought a new position in shares of Xylem during the first quarter worth about $31,000. Finally, Orion Capital Management LLC bought a new position in shares of Xylem during the first quarter worth about $32,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Xylem news, CEO Patrick Decker sold 99,649 shares of Xylem stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $111.62, for a total transaction of $11,122,821.38. Following the transaction, the chief executive officer now directly owns 287,564 shares in the company, valued at approximately $32,097,893.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

Xylem Price Performance

Xylem stock traded down $0.88 during mid-day trading on Friday, hitting $94.82. The company’s stock had a trading volume of 106,106 shares, compared to its average volume of 1,781,211. The company has a quick ratio of 1.14, a current ratio of 1.64 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $22.84 billion, a P/E ratio of 50.90, a P/E/G ratio of 2.38 and a beta of 1.09. Xylem Inc. has a twelve month low of $84.15 and a twelve month high of $118.58. The stock’s fifty day moving average price is $106.61 and its two-hundred day moving average price is $104.92.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.13. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.49 billion. Xylem had a net margin of 5.81% and a return on equity of 12.74%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 earnings per share. Research analysts forecast that Xylem Inc. will post 3.65 earnings per share for the current year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, August 30th. Xylem’s payout ratio is 70.21%.

Analyst Ratings Changes

XYL has been the topic of several research analyst reports. 888 reaffirmed an “initiates” rating on shares of Xylem in a research report on Thursday, June 29th. Royal Bank of Canada cut their target price on shares of Xylem from $133.00 to $129.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. StockNews.com assumed coverage on shares of Xylem in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Seaport Res Ptn reissued a “neutral” rating on shares of Xylem in a report on Tuesday, August 29th. Finally, TheStreet raised shares of Xylem from a “c+” rating to a “b-” rating in a report on Thursday, August 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $118.25.

Xylem Profile

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.