Highland Capital Management LLC Has $540,000 Stake in Xylem Inc (XYL)

Highland Capital Management LLC raised its holdings in shares of Xylem Inc (NYSE:XYL) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,914 shares of the industrial products company’s stock after acquiring an additional 1,615 shares during the quarter. Highland Capital Management LLC’s holdings in Xylem were worth $540,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Sentry Investment Management LLC boosted its position in shares of Xylem by 1.2% during the 2nd quarter. Sentry Investment Management LLC now owns 11,839 shares of the industrial products company’s stock worth $656,000 after acquiring an additional 137 shares in the last quarter. Gyroscope Capital Management Group LLC boosted its position in shares of Xylem by 7.8% during the 2nd quarter. Gyroscope Capital Management Group LLC now owns 4,387 shares of the industrial products company’s stock worth $243,000 after acquiring an additional 316 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Xylem by 3.3% during the 2nd quarter. Nordea Investment Management AB now owns 15,355 shares of the industrial products company’s stock worth $851,000 after acquiring an additional 494 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Xylem by 18.3% during the 2nd quarter. Advisor Group Inc. now owns 3,592 shares of the industrial products company’s stock worth $198,000 after acquiring an additional 555 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC boosted its position in shares of Xylem by 13.4% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 6,849 shares of the industrial products company’s stock worth $429,000 after acquiring an additional 808 shares in the last quarter. 85.16% of the stock is owned by institutional investors and hedge funds.

Shares of Xylem Inc (NYSE:XYL) opened at $74.41 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.76. The company has a market capitalization of $13,360.00, a P/E ratio of 43.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. Xylem Inc has a one year low of $46.67 and a one year high of $75.16.

Xylem (NYSE:XYL) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm’s revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. equities research analysts predict that Xylem Inc will post 2.39 earnings per share for the current year.

A number of brokerages recently issued reports on XYL. BMO Capital Markets reissued a “buy” rating and issued a $83.00 target price on shares of Xylem in a research report on Friday. Seaport Global Securities reissued a “buy” rating on shares of Xylem in a research report on Wednesday, November 1st. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Sunday, January 21st. Canaccord Genuity reissued a “hold” rating and issued a $65.00 target price on shares of Xylem in a research report on Wednesday, November 1st. Finally, Robert W. Baird reissued a “hold” rating and issued a $67.00 target price on shares of Xylem in a research report on Wednesday, October 4th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Xylem presently has a consensus rating of “Buy” and an average price target of $67.25.

In other Xylem news, insider Colin R. Sabol sold 38,070 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the completion of the sale, the insider now directly owns 61,979 shares of the company’s stock, valued at approximately $4,078,837.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven R. Loranger sold 47,712 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $68.10, for a total value of $3,249,187.20. Following the sale, the director now directly owns 68,843 shares of the company’s stock, valued at $4,688,208.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,777 shares of company stock valued at $10,097,757. 0.75% of the stock is owned by company insiders.

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About Xylem

Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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