Chicago Capital LLC Purchases Shares of 2,224 Xylem Inc. (NYSE:XYL)

Chicago Capital LLC acquired a new position in Xylem Inc. (NYSE:XYLFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,224 shares of the industrial products company’s stock, valued at approximately $254,000.

Other institutional investors have also bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new position in Xylem during the fourth quarter worth about $27,000. Coppell Advisory Solutions LLC bought a new position in Xylem during the second quarter valued at about $45,000. KB Financial Partners LLC bought a new position in shares of Xylem during the 1st quarter valued at approximately $42,000. ST Germain D J Co. Inc. purchased a new stake in shares of Xylem during the 2nd quarter valued at approximately $46,000. Finally, NBC Securities Inc. purchased a new position in Xylem in the 3rd quarter valued at approximately $38,000. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on XYL. Robert W. Baird boosted their price objective on shares of Xylem from $141.00 to $148.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Royal Bank of Canada upped their target price on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Wolfe Research started coverage on shares of Xylem in a research note on Wednesday, December 13th. They issued an “outperform” rating and a $127.00 price target for the company. Stifel Nicolaus lifted their price objective on Xylem from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, BNP Paribas began coverage on Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.00.

Read Our Latest Report on Xylem

Xylem Stock Performance

Shares of XYL stock opened at $128.64 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.76 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average of $123.69 and a 200 day moving average of $109.12. The firm has a market capitalization of $31.10 billion, a price-to-earnings ratio of 47.29, a PEG ratio of 2.62 and a beta of 1.10. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $130.86.

Xylem (NYSE:XYLGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. Xylem had a net margin of 8.27% and a return on equity of 9.65%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. Xylem’s quarterly revenue was up 40.6% on a year-over-year basis. As a group, research analysts expect that Xylem Inc. will post 4.13 earnings per share for the current year.

Xylem Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 21st were given a dividend of $0.36 per share. This is a boost from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, February 20th. Xylem’s dividend payout ratio (DPR) is 52.94%.

Insiders Place Their Bets

In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total transaction of $122,890.00. Following the completion of the transaction, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Xylem news, CAO Geri-Michelle Mcshane sold 1,000 shares of Xylem stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the sale, the chief accounting officer now owns 2,935 shares of the company’s stock, valued at approximately $360,682.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Franz Cerwinka sold 2,408 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.79, for a total value of $293,270.32. Following the sale, the senior vice president now directly owns 11,750 shares in the company, valued at $1,431,032.50. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

About Xylem

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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