Xylem Inc. (NYSE:XYL) Shares Acquired by Hemenway Trust Co LLC

Hemenway Trust Co LLC boosted its holdings in Xylem Inc. (NYSE:XYL) by 0.1% during the first quarter, Holdings Channel.com reports. The fund owned 213,931 shares of the industrial products company’s stock after acquiring an additional 229 shares during the period. Xylem accounts for 2.4% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 20th largest holding. Hemenway Trust Co LLC’s holdings in Xylem were worth $27,648,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS boosted its position in shares of Xylem by 9.0% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock worth $12,566,000 after acquiring an additional 9,114 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Xylem by 1,503.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after buying an additional 1,547,043 shares in the last quarter. International Assets Investment Management LLC lifted its position in Xylem by 10,296.7% during the fourth quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock valued at $7,205,000 after buying an additional 62,398 shares in the last quarter. Vanguard Group Inc. lifted its position in Xylem by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after buying an additional 187,847 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Xylem by 7.9% during the fourth quarter. Fisher Asset Management LLC now owns 379,174 shares of the industrial products company’s stock valued at $43,362,000 after buying an additional 27,718 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Oppenheimer lifted their price target on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Robert W. Baird lifted their price objective on shares of Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Argus lifted their price objective on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Mizuho lifted their price objective on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, Royal Bank of Canada lifted their price objective on shares of Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $142.92.

Insider Buying and Selling

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the sale, 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 SEC, which is available through this hyperlink. In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the sale, 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 SEC, which is available through this hyperlink. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the sale, the chief accounting officer now owns 3,536 shares in the company, valued at approximately $490,195.68. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Xylem Stock Performance

Shares of XYL traded up $1.45 during midday trading on Thursday, hitting $137.79. 830,169 shares of the stock traded hands, compared to its average volume of 1,208,743. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08. The firm has a market capitalization of $33.41 billion, a PE ratio of 49.04, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67. The business’s 50 day moving average price is $139.16 and its two-hundred day moving average price is $128.33.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The company’s quarterly revenue was up 40.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 earnings per share. Equities research analysts predict that Xylem Inc. will post 4.24 EPS for the current fiscal year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, May 30th. Xylem’s payout ratio is currently 51.25%.

Xylem Profile

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.