Xylem Inc. $XYL Stock Purchased by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD raised its holdings in Xylem Inc. (NYSE:XYL) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,062 shares of the industrial products company’s stock after purchasing an additional 6,945 shares during the quarter. Xylem makes up about 1.7% of Corbyn Investment Management Inc. MD’s investment portfolio, making the stock its 18th largest position. Corbyn Investment Management Inc. MD’s holdings in Xylem were worth $5,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. XXEC Inc. bought a new stake in shares of Xylem during the second quarter worth $850,841,000. BlackRock Inc. acquired a new stake in shares of Xylem in the second quarter valued at $2,959,730,000. State Street Corp raised its holdings in shares of Xylem by 2.4% in the second quarter. State Street Corp now owns 11,444,669 shares of the industrial products company’s stock valued at $1,352,874,000 after buying an additional 270,972 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Xylem by 1.1% in the first quarter. Royal Bank of Canada now owns 4,763,241 shares of the industrial products company’s stock valued at $569,207,000 after buying an additional 53,210 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Xylem during the 2nd quarter worth about $552,313,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Transactions at Xylem

In related news, Director D Koch purchased 11,000 shares of Xylem stock in a transaction that occurred on Thursday, October 29th. The stock was purchased at an average cost of $89.60 per share, with a total value of $985,600.00. Following the completion of the transaction, the director owned 12,247 shares of the company’s stock, valued at approximately $1,097,331.20. This trade represents a 882.12% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on XYL shares. Zacks Research lowered shares of Xylem from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. Jefferies Financial Group boosted their target price on shares of Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Mizuho set a $99.00 target price on shares of Xylem in a research note on Wednesday, October 28th. Weiss Ratings lowered shares of Xylem from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. cut shares of Xylem from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $118.00 to $90.00 in a research note on Wednesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $121.31.

Xylem Price Performance

Shares of NYSE XYL opened at $100.96 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.02 and a debt-to-equity ratio of 0.23. The firm has a market cap of $23.15 billion, a PE ratio of 22.34, a PEG ratio of 1.61 and a beta of 1.01. Xylem Inc. has a 1-year low of $87.40 and a 1-year high of $152.43. The company has a fifty day moving average price of $104.12 and a 200 day moving average price of $116.91.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.01). The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.28 billion. Xylem had a net margin of 11.94% and a return on equity of 12.06%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Research analysts predict that Xylem Inc. will post 5.45 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, August 27th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, August 27th. Xylem’s dividend payout ratio is presently 38.05%.

Xylem Profile

Xylem Inc (NYSE: XYL) is a global water technology company that develops products and services for the transportation, treatment, testing and efficient use of water and wastewater. Its offerings support municipal water and wastewater utilities, industrial customers, commercial facilities and residential applications.

The company’s products and solutions include water and wastewater pumps, treatment systems, dewatering equipment, smart meters, monitoring and control technologies, leak detection tools, and data-driven analytics.