Town & Country Bank & Trust CO dba First Bankers Trust CO cut its stake in Xylem Inc. (NYSE:XYL – Free Report) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,335 shares of the industrial products company’s stock after selling 300 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Xylem were worth $376,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. increased its holdings in shares of Xylem by 5.0% in the 1st quarter. BlackRock Inc. now owns 21,219,246 shares of the industrial products company’s stock valued at $2,221,655,000 after acquiring an additional 1,011,317 shares during the period. Vanguard Group Inc. boosted its position in shares of Xylem by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 20,390,911 shares of the industrial products company’s stock worth $1,738,529,000 after purchasing an additional 1,435,798 shares in the last quarter. State Street Corp boosted its position in shares of Xylem by 1.6% in the 1st quarter. State Street Corp now owns 7,692,045 shares of the industrial products company’s stock worth $805,357,000 after purchasing an additional 121,367 shares in the last quarter. Pictet Asset Management SA boosted its position in shares of Xylem by 12.1% in the 1st quarter. Pictet Asset Management SA now owns 5,371,811 shares of the industrial products company’s stock worth $562,429,000 after purchasing an additional 581,356 shares in the last quarter. Finally, Providence Capital Advisors LLC boosted its position in shares of Xylem by 10,558.2% in the 1st quarter. Providence Capital Advisors LLC now owns 4,819,309 shares of the industrial products company’s stock worth $46,029,000 after purchasing an additional 4,774,092 shares in the last quarter. 84.53% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CEO Patrick Decker sold 99,649 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $111.62, for a total value of $11,122,821.38. Following the completion of the transaction, the chief executive officer now owns 287,564 shares of the company’s stock, valued at approximately $32,097,893.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Xylem Stock Performance
Shares of XYL traded down $0.77 during mid-day trading on Friday, reaching $95.55. The company had a trading volume of 3,608,563 shares, compared to its average volume of 1,318,536. The stock has a market capitalization of $23.01 billion, a P/E ratio of 50.82, a PEG ratio of 2.35 and a beta of 1.09. Xylem Inc. has a 52-week low of $84.15 and a 52-week high of $118.58. 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 50 day moving average of $104.80 and a two-hundred day moving average of $104.62.
Xylem (NYSE:XYL – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Xylem had a return on equity of 12.74% and a net margin of 5.81%. Xylem’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, analysts expect that Xylem Inc. will post 3.65 earnings per share for the current year.
Xylem Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.32 dividend on an annualized basis and a yield of 1.38%. Xylem’s payout ratio is 70.21%.
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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