Magnetar Financial LLC Makes New $757,000 Investment in Xylem Inc. (NYSE:XYL)

Magnetar Financial LLC acquired a new position in shares of Xylem Inc. (NYSE:XYL) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 5,857 shares of the industrial products company’s stock, valued at approximately $757,000.

A number of other hedge funds also recently added to or reduced their stakes in XYL. Norges Bank purchased a new position in shares of Xylem during the 4th quarter worth approximately $198,207,000. Artisan Partners Limited Partnership purchased a new position in Xylem in the 4th quarter valued at approximately $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Xylem by 1,503.7% in the 4th 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 purchasing an additional 1,547,043 shares in the last quarter. Kodai Capital Management LP purchased a new position in Xylem in the 4th quarter valued at approximately $133,945,000. Finally, Balyasny Asset Management L.P. increased its stake in Xylem by 4,769.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock valued at $106,056,000 after purchasing an additional 908,343 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Xylem

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’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 transaction, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at $490,195.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Rodney Aulick sold 21,800 shares of the firm’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 completion of the transaction, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

XYL has been the subject of several research analyst reports. Oppenheimer raised their price objective on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. TD Cowen raised their price target on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Argus raised their price target on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Mizuho raised 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. Finally, Citigroup raised their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.58.

Xylem Trading Up 0.5 %

Xylem stock traded up $0.75 during midday trading on Monday, reaching $141.59. The stock had a trading volume of 103,491 shares, compared to its average volume of 1,188,121. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The stock has a market capitalization of $34.33 billion, a PE ratio of 50.17, a price-to-earnings-growth ratio of 2.50 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 stock’s 50-day simple moving average is $138.55 and its 200 day simple moving average is $130.53.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 40.4% compared to the same quarter last year. Analysts expect that Xylem Inc. will post 4.22 EPS for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Thursday, May 30th. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Xylem Company 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.