Bank of America Corp DE Raises Position in Xylem Inc. (XYL)

Bank of America Corp DE boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 4.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,251,684 shares of the industrial products company’s stock after buying an additional 91,478 shares during the period. Bank of America Corp DE’s holdings in Xylem were worth $113,079,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Asset Planning Services Ltd. boosted its position in shares of Xylem by 0.3% in the first quarter. Asset Planning Services Ltd. now owns 2,107 shares of the industrial products company’s stock valued at $106,000 after buying an additional 7 shares during the period. Contravisory Investment Management Inc. boosted its position in shares of Xylem by 96.1% in the first quarter. Contravisory Investment Management Inc. now owns 2,345 shares of the industrial products company’s stock valued at $118,000 after buying an additional 1,149 shares during the period. Cribstone Capital Management LLC boosted its position in shares of Xylem by 1,214.6% in the first quarter. Cribstone Capital Management LLC now owns 2,432 shares of the industrial products company’s stock valued at $124,000 after buying an additional 2,247 shares during the period. Focused Wealth Management Inc purchased a new position in shares of Xylem during the fourth quarter valued at about $158,000. Finally, Pacer Advisors Inc. boosted its position in shares of Xylem by 3.4% in the first quarter. Pacer Advisors Inc. now owns 3,701 shares of the industrial products company’s stock valued at $186,000 after buying an additional 121 shares during the period. Institutional investors own 85.79% of the company’s stock.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

Shares of Xylem Inc. (NYSE XYL) traded down 0.44% during mid-day trading on Tuesday, hitting $53.93. The stock had a trading volume of 405,597 shares. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 38.80 and a beta of 1.15. Xylem Inc. has a 12-month low of $42.52 and a 12-month high of $54.99. The stock’s 50-day moving average price is $52.36 and its 200-day moving average price is $50.23.

Xylem (NYSE:XYL) last issued its earnings results on Tuesday, May 2nd. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Xylem had a net margin of 6.75% and a return on equity of 15.53%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. On average, equities analysts anticipate that Xylem Inc. will post $2.31 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Thursday, May 25th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, May 23rd. Xylem’s dividend payout ratio is currently 50.35%.

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A number of equities analysts recently issued reports on XYL shares. Royal Bank Of Canada restated a “buy” rating and issued a $57.00 target price on shares of Xylem in a report on Sunday, March 12th. Cowen and Company lifted their target price on Xylem from $56.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, March 24th. Goldman Sachs Group, Inc. (The) started coverage on Xylem in a report on Wednesday, March 8th. They issued a “neutral” rating and a $52.00 target price on the stock. CIBC restated a “buy” rating and issued a $58.00 target price on shares of Xylem in a report on Thursday, April 6th. Finally, Oppenheimer Holdings, Inc. set a $58.00 target price on Xylem and gave the stock a “buy” rating in a report on Wednesday, April 5th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $55.18.

In related news, insider Tomas Brannemo sold 14,080 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $50.36, for a total value of $709,068.80. Following the completion of the sale, the insider now owns 21,000 shares in the company, valued at approximately $1,057,560. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.75% of the stock is owned by corporate insiders.

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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