Xylem Inc. (XYL) Position Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in Xylem Inc. (NYSE:XYL) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,427 shares of the industrial products company’s stock after purchasing an additional 9,278 shares during the quarter. The Manufacturers Life Insurance Company owned 0.12% of Xylem worth $11,885,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. raised its position in Xylem by 0.7% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Xylem by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock worth $740,000 after purchasing an additional 39 shares during the period. CIBC Asset Management Inc raised its position in Xylem by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after purchasing an additional 58 shares during the period. Page Arthur B raised its position in Xylem by 0.5% in the 2nd quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock worth $798,000 after purchasing an additional 70 shares during the period. Finally, Manchester Capital Management LLC raised its position in Xylem by 0.5% in the 2nd quarter. Manchester Capital Management LLC now owns 14,198 shares of the industrial products company’s stock worth $787,000 after purchasing an additional 76 shares during the period. 86.08% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on XYL. Cowen and Company reissued an “outperform” rating and issued a $70.00 price objective (up from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. Canaccord Genuity reissued a “hold” rating and issued a $56.00 price objective on shares of Xylem in a research report on Friday, October 6th. Oppenheimer Holdings, Inc. increased their price objective on shares of Xylem from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $63.00 price objective on shares of Xylem in a research report on Tuesday, September 5th. Finally, Boenning Scattergood reissued an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.92.

Xylem Inc. (XYL) opened at 64.23 on Friday. The company has a market capitalization of $11.53 billion, a P/E ratio of 41.47 and a beta of 1.17. The firm has a 50-day moving average of $63.64 and a 200-day moving average of $56.87. Xylem Inc. has a 52 week low of $45.60 and a 52 week high of $65.42.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The business’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. Analysts anticipate that Xylem Inc. will post $2.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is 46.45%.

TRADEMARK VIOLATION WARNING: This article was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/21/xylem-inc-xyl-position-increased-by-the-manufacturers-life-insurance-company.html.

In other news, insider Kenneth Napolitano sold 9,052 shar

A number of other institutional investors have also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. raised its position in Xylem by 0.7% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 3,445 shares of the industrial products company’s stock worth $191,000 after purchasing an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Xylem by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,352 shares of the industrial products company’s stock worth $740,000 after purchasing an additional 39 shares during the period. CIBC Asset Management Inc raised its position in Xylem by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 17,671 shares of the industrial products company’s stock worth $980,000 after purchasing an additional 58 shares during the period. Page Arthur B raised its position in Xylem by 0.5% in the 2nd quarter. Page Arthur B now owns 14,420 shares of the industrial products company’s stock worth $798,000 after purchasing an additional 70 shares during the period. Finally, Manchester Capital Management LLC raised its position in Xylem by 0.5% in the 2nd quarter. Manchester Capital Management LLC now owns 14,198 shares of the industrial products company’s stock worth $787,000 after purchasing an additional 76 shares during the period. 86.08% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on XYL. Cowen and Company reissued an “outperform” rating and issued a $70.00 price objective (up from $60.00) on shares of Xylem in a research report on Wednesday, August 9th. Canaccord Genuity reissued a “hold” rating and issued a $56.00 price objective on shares of Xylem in a research report on Friday, October 6th. Oppenheimer Holdings, Inc. increased their price objective on shares of Xylem from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $63.00 price objective on shares of Xylem in a research report on Tuesday, September 5th. Finally, Boenning Scattergood reissued an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.92.

Xylem Inc. (XYL) opened at 64.23 on Friday. The company has a market capitalization of $11.53 billion, a P/E ratio of 41.47 and a beta of 1.17. The firm has a 50-day moving average of $63.64 and a 200-day moving average of $56.87. Xylem Inc. has a 52 week low of $45.60 and a 52 week high of $65.42.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The business’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. Analysts anticipate that Xylem Inc. will post $2.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is 46.45%.

TRADEMARK VIOLATION WARNING: This article was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/21/xylem-inc-xyl-position-increased-by-the-manufacturers-life-insurance-company.html.

In other news, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the sale, the insider now directly owns 35,303 shares of the company’s stock, valued at approximately $2,123,828.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is currently owned by insiders.

Xylem Company Profile

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.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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