Kidder Stephen W Purchases 1,052 Shares of Xylem Inc (NYSE:XYL)

Kidder Stephen W raised its position in Xylem Inc (NYSE:XYL) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,457 shares of the industrial products company’s stock after purchasing an additional 1,052 shares during the period. Kidder Stephen W’s holdings in Xylem were worth $2,631,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Sandy Spring Bank increased its stake in Xylem by 101.2% in the first quarter. Sandy Spring Bank now owns 338 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Xylem in the first quarter valued at approximately $28,000. Meridian Wealth Management LLC bought a new stake in Xylem in the first quarter valued at approximately $30,000. BSW Wealth Partners bought a new stake in Xylem in the first quarter valued at approximately $45,000. Finally, Harvest Group Wealth Management LLC bought a new stake in Xylem in the first quarter valued at approximately $46,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Claudia S. Toussaint sold 2,344 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $78.53, for a total transaction of $184,074.32. Following the completion of the transaction, the senior vice president now owns 43,761 shares in the company, valued at $3,436,551.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kenneth Napolitano sold 5,000 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $81.96, for a total transaction of $409,800.00. Following the transaction, the insider now owns 46,228 shares of the company’s stock, valued at approximately $3,788,846.88. The disclosure for this sale can be found here. Insiders sold 46,818 shares of company stock valued at $3,747,594 in the last quarter. Corporate insiders own 0.85% of the company’s stock.

Several equities research analysts have commented on XYL shares. Credit Suisse Group downgraded shares of Xylem from an “outperform” rating to a “neutral” rating in a research note on Friday. Zacks Investment Research raised shares of Xylem from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Janney Montgomery Scott raised shares of Xylem from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Friday, May 3rd. Stifel Nicolaus lowered their target price on shares of Xylem from $93.00 to $89.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Finally, Cowen downgraded shares of Xylem from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $75.00 to $72.00 in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $79.69.

Shares of Xylem stock traded down $1.28 on Friday, hitting $77.53. The company had a trading volume of 966,069 shares, compared to its average volume of 774,681. The company has a market capitalization of $14.18 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.49 and a beta of 1.19. Xylem Inc has a twelve month low of $60.65 and a twelve month high of $85.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.47 and a quick ratio of 1.02. The company has a 50-day simple moving average of $81.72.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.79 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Xylem had a net margin of 10.90% and a return on equity of 19.23%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 earnings per share. As a group, equities analysts predict that Xylem Inc will post 3.18 EPS for the current fiscal year.

About Xylem

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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