Wahed Invest LLC Grows Stake in Xylem Inc. (NYSE:XYL)

Wahed Invest LLC grew its position in Xylem Inc. (NYSE:XYL) by 14.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,637 shares of the industrial products company’s stock after acquiring an additional 590 shares during the quarter. Wahed Invest LLC’s holdings in Xylem were worth $599,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of 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 acquiring an additional 1,547,043 shares during the period. Kornitzer Capital Management Inc. KS grew its position in Xylem by 9.0% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock valued at $12,566,000 after buying an additional 9,114 shares during the period. Duality Advisers LP purchased a new stake in shares of Xylem in the first quarter valued at approximately $6,746,000. International Assets Investment Management LLC increased its stake in shares of 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 worth $7,205,000 after purchasing an additional 62,398 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Xylem by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after purchasing an additional 187,847 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 2.4 %

Shares of Xylem stock traded down $3.18 during trading on Friday, hitting $130.15. 1,557,072 shares of the stock were exchanged, compared to its average volume of 1,223,075. The stock has a market cap of $31.61 billion, a price-to-earnings ratio of 46.18, a price-to-earnings-growth ratio of 2.36 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.22. The firm’s 50-day moving average price is $137.77 and its 200 day moving average price is $130.93. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the company earned $0.98 EPS. The business’s quarterly revenue was up 26.0% on a year-over-year basis. As a group, analysts forecast that Xylem Inc. will post 4.25 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were paid a $0.36 dividend. The ex-dividend date was Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.11%. Xylem’s dividend payout ratio is presently 51.25%.

Insider Activity

In other Xylem news, SVP Rodney Aulick sold 21,800 shares of Xylem stock in a transaction that occurred on 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 in the company, valued at approximately $10,604,655.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Xylem news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the transaction, the senior vice president now owns 76,287 shares in the company, valued at approximately $10,604,655.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of Xylem stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares in the company, valued at $490,195.68. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

XYL has been the subject of a number of analyst reports. Citigroup upped their price target on Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Robert W. Baird raised their price objective on Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada lifted their target price on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday. 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, Argus boosted their price objective on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.08.

About Xylem

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.