Driehaus Capital Management LLC reduced its stake in Xylem Inc (NYSE:XYL) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,323 shares of the industrial products company’s stock after selling 955 shares during the period. Driehaus Capital Management LLC’s holdings in Xylem were worth $772,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. increased its holdings in Xylem by 0.9% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 197,184 shares of the industrial products company’s stock valued at $12,349,000 after buying an additional 1,670 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in Xylem in the third quarter valued at $254,000. Patten Group Inc. increased its holdings in Xylem by 295.6% in the third quarter. Patten Group Inc. now owns 127,490 shares of the industrial products company’s stock valued at $2,009,000 after buying an additional 95,259 shares during the last quarter. Bank of Montreal Can increased its holdings in Xylem by 4.0% in the fourth quarter. Bank of Montreal Can now owns 762,194 shares of the industrial products company’s stock valued at $51,981,000 after buying an additional 29,552 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Xylem in the third quarter valued at $1,509,000. Institutional investors and hedge funds own 85.46% of the company’s stock.
In other news, Director Curtis J. Crawford sold 7,948 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $71.77, for a total transaction of $570,427.96. Following the completion of the sale, the director now directly owns 55,245 shares of the company’s stock, valued at approximately $3,964,933.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tomas Brannemo sold 1,151 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $76.41, for a total transaction of $87,947.91. The disclosure for this sale can be found here. Insiders have sold a total of 88,216 shares of company stock valued at $6,110,375 over the last three months. Corporate insiders own 0.75% of the company’s stock.
Several equities analysts recently commented on the company. Cowen reissued a “buy” rating and issued a $80.00 target price on shares of Xylem in a report on Tuesday, March 6th. BMO Capital Markets reissued a “buy” rating and issued a $86.00 target price on shares of Xylem in a report on Friday, February 2nd. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $75.00 target price on shares of Xylem in a report on Sunday, January 28th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $72.42.
Xylem Inc (NYSE XYL) opened at $77.11 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.41 and a current ratio of 1.88. Xylem Inc has a 12 month low of $47.73 and a 12 month high of $79.67. The firm has a market cap of $13,870.00, a P/E ratio of 37.07, a PEG ratio of 1.50 and a beta of 1.12.
Xylem (NYSE:XYL) last released its earnings results on Thursday, February 1st. The industrial products company reported $0.76 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the company earned $0.66 EPS. Xylem’s revenue for the quarter was up 16.6% on a year-over-year basis. research analysts predict that Xylem Inc will post 2.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a dividend yield of 1.09%. Xylem’s payout ratio is currently 40.38%.
COPYRIGHT VIOLATION NOTICE: “Driehaus Capital Management LLC Has $772,000 Stake in Xylem Inc (XYL)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://ledgergazette.com/2018/03/15/driehaus-capital-management-llc-has-772000-stake-in-xylem-inc-xyl.html.
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.
Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc (NYSE:XYL).
Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.