Xylem Inc (XYL) Stake Boosted by Brown Advisory Inc.

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Brown Advisory Inc. grew its stake in shares of Xylem Inc (NYSE:XYL) by 48.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 33,336 shares of the industrial products company’s stock after purchasing an additional 10,840 shares during the quarter. Brown Advisory Inc.’s holdings in Xylem were worth $2,662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of XYL. BlackRock Inc. increased its holdings in Xylem by 18.4% in the 3rd quarter. BlackRock Inc. now owns 15,644,128 shares of the industrial products company’s stock worth $1,249,498,000 after buying an additional 2,435,404 shares during the period. Janus Henderson Group PLC increased its holdings in Xylem by 38.1% in the 2nd quarter. Janus Henderson Group PLC now owns 3,189,273 shares of the industrial products company’s stock worth $214,898,000 after buying an additional 880,125 shares during the period. TCW Group Inc. increased its holdings in Xylem by 2,014.0% in the 3rd quarter. TCW Group Inc. now owns 629,983 shares of the industrial products company’s stock worth $50,317,000 after buying an additional 600,183 shares during the period. Renaissance Technologies LLC increased its holdings in Xylem by 553.1% in the 2nd quarter. Renaissance Technologies LLC now owns 442,800 shares of the industrial products company’s stock worth $29,836,000 after buying an additional 375,000 shares during the period. Finally, Morgan Stanley increased its holdings in Xylem by 43.1% in the 2nd quarter. Morgan Stanley now owns 1,175,977 shares of the industrial products company’s stock worth $79,238,000 after buying an additional 354,340 shares during the period. Hedge funds and other institutional investors own 84.10% of the company’s stock.

In other news, insider Paul A. Stellato sold 3,000 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $78.63, for a total transaction of $235,890.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul A. Stellato sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $82.00, for a total value of $123,000.00. Following the transaction, the insider now owns 12,796 shares in the company, valued at approximately $1,049,272. The disclosure for this sale can be found here. Insiders have sold a total of 21,661 shares of company stock worth $1,755,281 in the last quarter. Insiders own 0.81% of the company’s stock.

Several equities analysts recently weighed in on the stock. Vertical Research downgraded shares of Xylem from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Berenberg Bank set a $57.00 price target on shares of Xylem and gave the stock a “sell” rating in a report on Thursday, October 25th. Credit Suisse Group assumed coverage on Xylem in a research report on Friday, October 12th. They issued an “outperform” rating and a $86.00 price objective on the stock. Raymond James assumed coverage on Xylem in a research report on Wednesday, September 5th. They issued an “outperform” rating and a $90.00 price objective on the stock. Finally, Seaport Global Securities set a $80.00 price objective on Xylem and gave the stock a “buy” rating in a research report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Xylem currently has a consensus rating of “Buy” and an average price target of $79.00.

Xylem stock opened at $65.69 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.07 and a current ratio of 1.49. Xylem Inc has a 12 month low of $63.71 and a 12 month high of $82.44. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 1.31 and a beta of 1.28.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.77 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. Xylem had a return on equity of 19.54% and a net margin of 7.75%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Sell-side analysts expect that Xylem Inc will post 2.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Thursday, November 1st were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, October 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.28%. Xylem’s dividend payout ratio (DPR) is 35.00%.

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Xylem Company Profile

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

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Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc (NYSE:XYL).

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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