Xylem Inc. (NYSE:XYL) Stake Boosted by Capstone Asset Management Co.

Capstone Asset Management Co. increased its position in shares of Xylem Inc. (NYSE:XYL) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,123 shares of the industrial products company’s stock after buying an additional 184 shares during the period. Capstone Asset Management Co.’s holdings in Xylem were worth $1,005,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Xylem by 2,452.8% in the first quarter. BlackRock Inc. now owns 12,042,342 shares of the industrial products company’s stock worth $604,765,000 after buying an additional 11,570,613 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in Xylem during the first quarter worth approximately $54,623,000. Marshall Wace North America L.P. acquired a new position in Xylem during the first quarter worth approximately $54,623,000. Pictet Asset Management Ltd. boosted its position in Xylem by 34.3% in the first quarter. Pictet Asset Management Ltd. now owns 4,024,188 shares of the industrial products company’s stock worth $202,095,000 after buying an additional 1,027,438 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Xylem by 48.0% in the first quarter. Victory Capital Management Inc. now owns 2,102,511 shares of the industrial products company’s stock worth $105,589,000 after buying an additional 682,050 shares during the last quarter. 87.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of Xylem Inc. (NYSE XYL) traded down 1.64% during mid-day trading on Thursday, hitting $58.95. 613,676 shares of the company traded hands. The stock has a market capitalization of $10.59 billion, a PE ratio of 38.06 and a beta of 1.18. The firm’s 50 day moving average price is $57.39 and its 200-day moving average price is $52.24. Xylem Inc. has a 1-year low of $45.60 and a 1-year high of $60.71.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $0.48 EPS. The company’s revenue was up 24.9% compared to the same quarter last year. On average, equities research analysts forecast that Xylem Inc. will post $2.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Thursday, August 31st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 46.45%.

A number of brokerages have recently issued reports on XYL. Cowen and Company restated an “outperform” rating and set a $70.00 price objective (up previously from $60.00) on shares of Xylem in a report on Wednesday, August 9th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Xylem in a research report on Monday, May 22nd. Royal Bank Of Canada lifted their price target on shares of Xylem from $58.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $52.00 price target on shares of Xylem in a research report on Thursday, July 6th. Finally, Boenning Scattergood reiterated a “buy” rating and issued a $55.00 price target on shares of Xylem in a research report on Wednesday, June 7th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $59.00.

In related news, insider Kenneth Napolitano sold 9,052 shares of Xylem 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 completion of the sale, the insider now directly owns 35,303 shares in the company, valued at approximately $2,123,828.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven R. Loranger sold 66,132 shares of Xylem stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $55.01, for a total transaction of $3,637,921.32. Following the completion of the sale, the director now owns 65,030 shares of the company’s stock, valued at $3,577,300.30. The disclosure for this sale can be found here. 0.75% of the stock is owned by company 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.