Cannell & Co. Buys 300 Shares of Xylem Inc. (NYSE:XYL)

Cannell & Co. grew its stake in Xylem Inc. (NYSE:XYL) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,477 shares of the industrial products company’s stock after acquiring an additional 300 shares during the quarter. Cannell & Co.’s holdings in Xylem were worth $1,293,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of XYL. BNP Paribas Arbitrage SNC increased its holdings in shares of Xylem by 125.0% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 341,006 shares of the industrial products company’s stock worth $38,404,000 after purchasing an additional 189,438 shares in the last quarter. AGF Management Ltd. lifted its stake in Xylem by 35.9% during the 2nd quarter. AGF Management Ltd. now owns 189,131 shares of the industrial products company’s stock valued at $21,300,000 after acquiring an additional 49,952 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of Xylem by 23.0% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 29,103 shares of the industrial products company’s stock valued at $3,278,000 after acquiring an additional 5,443 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Xylem by 24.8% during the 2nd quarter. TD Asset Management Inc now owns 75,483 shares of the industrial products company’s stock valued at $8,501,000 after acquiring an additional 15,024 shares during the last quarter. Finally, Alesco Advisors LLC bought a new stake in shares of Xylem in the second quarter worth approximately $1,028,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

Xylem Stock Performance

Shares of Xylem stock opened at $101.19 on Wednesday. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $118.58. The company has a current ratio of 1.72, a quick ratio of 1.21 and a debt-to-equity ratio of 0.23. The firm has a market cap of $24.39 billion, a P/E ratio of 41.47, a P/E/G ratio of 2.06 and a beta of 1.06. The stock’s fifty day moving average price is $93.11 and its 200-day moving average price is $102.03.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.99 billion. Xylem had a return on equity of 10.99% and a net margin of 7.29%. The firm’s revenue for the quarter was up 52.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. On average, equities research analysts expect that Xylem Inc. will post 3.75 earnings per share for the current fiscal year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 21st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.32 dividend on an annualized basis and a yield of 1.30%. Xylem’s payout ratio is 54.10%.

Analyst Upgrades and Downgrades

XYL has been the subject of a number of research analyst reports. Citigroup lifted their target price on shares of Xylem from $101.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Melius upgraded Xylem from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Monday, October 2nd. Oppenheimer raised Xylem from a “market perform” rating to an “outperform” rating and set a $118.00 target price on the stock in a research report on Thursday, October 19th. TheStreet raised shares of Xylem from a “c+” rating to a “b-” rating in a research report on Thursday, August 17th. Finally, StockNews.com started coverage on shares of Xylem in a research report on Thursday, October 5th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.36.

Xylem Company 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.