Russell Investments Group Ltd. Sells 20,521 Shares of Xylem Inc. (NYSE:XYL)

Russell Investments Group Ltd. lessened its stake in shares of Xylem Inc. (NYSE:XYLGet Rating) by 24.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,416 shares of the industrial products company’s stock after selling 20,521 shares during the quarter. Russell Investments Group Ltd.’s holdings in Xylem were worth $5,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XYL. Allspring Global Investments Holdings LLC bought a new stake in shares of Xylem in the fourth quarter worth $1,735,000. CWM LLC bought a new stake in shares of Xylem in the fourth quarter worth $195,000. Qube Research & Technologies Ltd bought a new stake in shares of Xylem in the fourth quarter worth $17,019,000. Assenagon Asset Management S.A. grew its stake in shares of Xylem by 14.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 17,469 shares of the industrial products company’s stock worth $2,095,000 after purchasing an additional 2,270 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Xylem by 13.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,187 shares of the industrial products company’s stock worth $2,540,000 after purchasing an additional 2,435 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeanne Beliveau-Dunn sold 600 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $96.65, for a total value of $57,990.00. Following the sale, the director now owns 7,553 shares in the company, valued at approximately $729,997.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Xylem news, SVP Hayati Yarkadas sold 5,898 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $80.06, for a total value of $472,193.88. Following the completion of the sale, the senior vice president now directly owns 9,556 shares of the company’s stock, valued at approximately $765,053.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeanne Beliveau-Dunn sold 600 shares of the company’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $96.65, for a total transaction of $57,990.00. Following the completion of the sale, the director now directly owns 7,553 shares of the company’s stock, valued at $729,997.45. The disclosure for this sale can be found here. Insiders have sold 8,580 shares of company stock worth $684,627 in the last quarter. Insiders own 0.89% of the company’s stock.

Xylem Price Performance

Shares of NYSE XYL opened at $98.05 on Wednesday. The firm’s 50-day moving average price is $82.44 and its 200-day moving average price is $85.81. Xylem Inc. has a 1-year low of $72.08 and a 1-year high of $138.78. The firm has a market capitalization of $17.67 billion, a P/E ratio of 42.26, a P/E/G ratio of 3.14 and a beta of 1.11. The company has a current ratio of 1.63, a quick ratio of 1.19 and a debt-to-equity ratio of 0.59.

Xylem (NYSE:XYLGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.12. Xylem had a net margin of 8.06% and a return on equity of 13.66%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Xylem Inc. will post 2.58 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, May 26th were issued a $0.30 dividend. The ex-dividend date was Wednesday, May 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.22%. Xylem’s dividend payout ratio is presently 51.72%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Xylem from $87.00 to $99.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Morgan Stanley dropped their target price on shares of Xylem from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, June 9th. Mizuho boosted their target price on shares of Xylem from $80.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Cowen upgraded shares of Xylem from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 1st. Finally, Credit Suisse Group upgraded shares of Xylem from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $77.00 to $96.00 in a report on Wednesday, August 3rd. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $102.30.

Xylem Profile

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Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.

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