2,335 Shares in Xylem Inc. (NYSE:XYL) Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC purchased a new position in shares of Xylem Inc. (NYSE:XYL) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 2,335 shares of the industrial products company’s stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Xylem by 2.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 24,422 shares of the industrial products company’s stock valued at $2,793,000 after acquiring an additional 640 shares during the period. TIAA Trust National Association purchased a new position in Xylem during the 4th quarter worth $214,000. Arizona State Retirement System grew its stake in Xylem by 1.4% during the 4th quarter. Arizona State Retirement System now owns 66,189 shares of the industrial products company’s stock worth $7,569,000 after buying an additional 890 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Xylem by 22.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 185,203 shares of the industrial products company’s stock worth $21,173,000 after acquiring an additional 33,550 shares during the period. Finally, Boston Trust Walden Corp lifted its position in Xylem by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 3,418 shares of the industrial products company’s stock worth $391,000 after acquiring an additional 107 shares during the period. 87.96% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Rodney Aulick sold 21,800 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the sale, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the transaction, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares in the company, valued at $490,195.68. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Mizuho lifted their price target on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Royal Bank of Canada lifted their price target on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday. Oppenheimer boosted their price objective on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Citigroup boosted their price objective on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Stifel Nicolaus boosted their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus price target of $146.08.

Xylem Price Performance

NYSE:XYL traded down $3.18 during trading hours on Friday, hitting $130.15. 1,557,073 shares of the stock were exchanged, compared to its average volume of 1,219,410. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The firm’s fifty day moving average price is $137.49 and its 200 day moving average price is $131.35. The company has a current ratio of 1.85, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19. The company has a market cap of $31.61 billion, a P/E ratio of 46.32, a P/E/G ratio of 2.29 and a beta of 1.04.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. Xylem’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. As a group, equities research analysts anticipate that Xylem Inc. will post 4.25 EPS for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were given a $0.36 dividend. The ex-dividend date was Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.11%. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

About Xylem

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.