Commerzbank Aktiengesellschaft FI Has $1.17 Million Holdings in Xylem Inc. (XYL)

Commerzbank Aktiengesellschaft FI raised its position in shares of Xylem Inc. (NYSE:XYL) by 151.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,619 shares of the industrial products company’s stock after purchasing an additional 11,223 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Xylem were worth $1,166,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Xylem by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 17,697,791 shares of the industrial products company’s stock valued at $980,989,000 after purchasing an additional 409,920 shares in the last quarter. State Street Corp increased its stake in Xylem by 11.5% during the 2nd quarter. State Street Corp now owns 8,360,506 shares of the industrial products company’s stock valued at $460,211,000 after purchasing an additional 861,484 shares in the last quarter. FMR LLC increased its stake in Xylem by 7.7% during the 2nd quarter. FMR LLC now owns 3,239,067 shares of the industrial products company’s stock valued at $179,541,000 after purchasing an additional 232,139 shares in the last quarter. Impax Asset Management LTD increased its stake in Xylem by 0.6% during the 3rd quarter. Impax Asset Management LTD now owns 3,106,646 shares of the industrial products company’s stock valued at $194,569,000 after purchasing an additional 18,698 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Xylem by 17.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock valued at $151,210,000 after purchasing an additional 396,854 shares in the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Shares of Xylem Inc. (NYSE XYL) traded up $0.40 during mid-day trading on Friday, hitting $68.38. 744,400 shares of the stock were exchanged, compared to its average volume of 1,204,142. Xylem Inc. has a 52-week low of $46.67 and a 52-week high of $69.88. The company has a market capitalization of $12,209.21, a price-to-earnings ratio of 29.69, a PEG ratio of 1.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.26.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. sell-side analysts forecast that Xylem Inc. will post 2.39 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd were paid a $0.18 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.05%. Xylem’s dividend payout ratio is presently 41.86%.

A number of research firms have weighed in on XYL. Oppenheimer raised their price objective on shares of Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. Cowen restated a “buy” rating and set a $70.00 price objective on shares of Xylem in a research note on Thursday, September 21st. Boenning Scattergood restated an “outperform” rating on shares of Xylem in a research note on Tuesday, September 5th. Canaccord Genuity restated a “hold” rating and set a $65.00 price objective on shares of Xylem in a research note on Wednesday, November 1st. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Xylem in a research note on Wednesday, November 1st. 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 an average rating of “Buy” and an average price target of $65.17.

In related news, Director Curtis J. Crawford sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total transaction of $498,300.00. Following the completion of the sale, the director now directly owns 52,385 shares in the company, valued at $3,480,459.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Colin R. Sabol sold 38,070 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the sale, the insider now owns 61,979 shares of the company’s stock, valued at $4,078,837.99. The disclosure for this sale can be found here. Insiders sold 83,270 shares of company stock valued at $5,501,312 over the last quarter. Company insiders own 0.75% of the company’s stock.

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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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