Xylem Inc (NYSE:XYL) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. trimmed its stake in Xylem Inc (NYSE:XYL) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,672 shares of the industrial products company’s stock after selling 352 shares during the quarter. Xylem makes up 1.3% of Stanley Laman Group Ltd.’s portfolio, making the stock its 18th biggest holding. Stanley Laman Group Ltd.’s holdings in Xylem were worth $5,409,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Xylem by 3.6% in the first quarter. BlackRock Inc. now owns 14,986,762 shares of the industrial products company’s stock valued at $1,184,554,000 after purchasing an additional 516,715 shares during the period. Wells Fargo & Company MN grew its position in shares of Xylem by 33.5% in the first quarter. Wells Fargo & Company MN now owns 956,463 shares of the industrial products company’s stock valued at $75,598,000 after purchasing an additional 239,822 shares during the period. Keybank National Association OH grew its position in shares of Xylem by 520.4% in the second quarter. Keybank National Association OH now owns 259,849 shares of the industrial products company’s stock valued at $21,734,000 after purchasing an additional 217,968 shares during the period. Citigroup Inc. grew its position in shares of Xylem by 132.3% in the first quarter. Citigroup Inc. now owns 363,354 shares of the industrial products company’s stock valued at $28,719,000 after purchasing an additional 206,945 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Xylem by 40.2% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 586,657 shares of the industrial products company’s stock valued at $46,369,000 after purchasing an additional 168,280 shares during the period. 85.62% of the stock is owned by institutional investors.

In other Xylem news, insider Tomas Brannemo sold 6,683 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $81.90, for a total transaction of $547,337.70. Following the completion of the sale, the insider now owns 20,161 shares of the company’s stock, valued at $1,651,185.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kenneth Napolitano sold 5,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $75.23, for a total value of $376,150.00. Following the completion of the sale, the insider now directly owns 46,228 shares of the company’s stock, valued at approximately $3,477,732.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,371 shares of company stock valued at $2,424,707. 0.85% of the stock is owned by company insiders.

XYL stock traded down $0.05 during trading on Wednesday, reaching $75.71. 161,259 shares of the stock traded hands, compared to its average volume of 852,593. The firm’s 50 day simple moving average is $80.62. Xylem Inc has a 52-week low of $60.65 and a 52-week high of $85.39. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.71. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 1.47 and a beta of 1.19.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.79. Xylem had a return on equity of 19.23% and a net margin of 10.90%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Xylem Inc will post 3.17 EPS for the current year.

A number of brokerages have recently commented on XYL. ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Cowen downgraded Xylem from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $75.00 to $72.00 in a research report on Tuesday, May 14th. Stifel Nicolaus lowered their price objective on Xylem from $93.00 to $89.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Janney Montgomery Scott raised Xylem from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Friday, May 3rd. Finally, Credit Suisse Group downgraded Xylem from an “outperform” rating to a “neutral” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $79.69.

Xylem Company Profile

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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