Patten Group Inc. Trims Holdings in Xylem Inc (NYSE:XYL)

Patten Group Inc. trimmed its stake in Xylem Inc (NYSE:XYL) by 0.8% in the first quarter, HoldingsChannel.com reports. The firm owned 31,817 shares of the industrial products company’s stock after selling 258 shares during the period. Xylem makes up about 1.1% of Patten Group Inc.’s portfolio, making the stock its 18th largest position. Patten Group Inc.’s holdings in Xylem were worth $2,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. ETF Managers Group LLC grew its holdings in Xylem by 7.6% in the first quarter. ETF Managers Group LLC now owns 1,873 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 132 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Xylem by 13.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,134 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 134 shares during the period. Thrivent Financial for Lutherans grew its holdings in Xylem by 1.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,864 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 138 shares during the period. Manchester Capital Management LLC grew its holdings in Xylem by 1.0% in the first quarter. Manchester Capital Management LLC now owns 13,863 shares of the industrial products company’s stock worth $1,096,000 after purchasing an additional 140 shares during the period. Finally, Dempze Nancy E grew its holdings in Xylem by 0.9% in the first quarter. Dempze Nancy E now owns 17,353 shares of the industrial products company’s stock worth $1,373,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 85.44% of the company’s stock.

In related news, Director Steven R. Loranger sold 10,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $76.99, for a total transaction of $769,900.00. Following the transaction, the director now directly owns 26,744 shares in the company, valued at $2,059,020.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Pak Steven Leung sold 8,947 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $78.55, for a total transaction of $702,786.85. Following the transaction, the senior vice president now owns 42,980 shares in the company, valued at $3,376,079. The disclosure for this sale can be found here. Insiders have sold 64,409 shares of company stock valued at $5,097,353 over the last quarter. Corporate insiders own 0.85% of the company’s stock.

A number of equities research analysts have commented on XYL shares. Boenning Scattergood restated a “buy” rating on shares of Xylem in a report on Friday, March 22nd. BMO Capital Markets restated a “buy” rating and issued a $85.00 price target on shares of Xylem in a report on Monday, February 25th. Stifel Nicolaus reduced their price target on shares of Xylem from $93.00 to $89.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Janney Montgomery Scott upgraded shares of Xylem from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Friday, May 3rd. Finally, ValuEngine upgraded shares of Xylem from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. Xylem currently has an average rating of “Buy” and a consensus price target of $78.93.

Shares of NYSE XYL traded up $0.05 during mid-day trading on Wednesday, reaching $80.05. 13,983 shares of the company’s stock traded hands, compared to its average volume of 874,586. The stock has a market capitalization of $14.39 billion, a P/E ratio of 27.81, a P/E/G ratio of 1.49 and a beta of 1.19. Xylem Inc has a 1-year low of $60.65 and a 1-year high of $84.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.02.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.06). The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.25 billion. Xylem had a net margin of 10.50% and a return on equity of 19.46%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. As a group, equities research analysts anticipate that Xylem Inc will post 3.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, May 29th. Xylem’s dividend payout ratio is currently 33.33%.

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Xylem Profile

Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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