Providence Capital Advisors LLC Raises Stock Holdings in Xylem Inc (NYSE:XYL)

Providence Capital Advisors LLC raised its position in shares of Xylem Inc (NYSE:XYL) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,235 shares of the industrial products company’s stock after acquiring an additional 828 shares during the period. Xylem makes up approximately 1.6% of Providence Capital Advisors LLC’s holdings, making the stock its 15th biggest holding. Providence Capital Advisors LLC’s holdings in Xylem were worth $2,696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Xylem by 3.6% during the first quarter. BlackRock Inc. now owns 14,986,762 shares of the industrial products company’s stock worth $1,184,554,000 after acquiring an additional 516,715 shares during the last quarter. Parnassus Investments CA increased its position in shares of Xylem by 2.1% during the 2nd quarter. Parnassus Investments CA now owns 6,407,410 shares of the industrial products company’s stock valued at $535,916,000 after purchasing an additional 133,286 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Xylem by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 2,270,489 shares of the industrial products company’s stock valued at $151,217,000 after purchasing an additional 134,307 shares during the last quarter. Northern Trust Corp increased its position in shares of Xylem by 0.5% during the 1st quarter. Northern Trust Corp now owns 2,235,775 shares of the industrial products company’s stock valued at $176,716,000 after purchasing an additional 10,680 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in Xylem by 5.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,754,058 shares of the industrial products company’s stock valued at $138,641,000 after buying an additional 91,397 shares during the period. Hedge funds and other institutional investors own 84.58% of the company’s stock.

In other news, insider Kenneth Napolitano sold 5,000 shares of Xylem stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $81.96, for a total transaction of $409,800.00. Following the completion of the sale, the insider now owns 46,228 shares of the company’s stock, valued at $3,788,846.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tomas Brannemo sold 6,683 shares of Xylem stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $81.90, for a total transaction of $547,337.70. Following the sale, the insider now directly owns 20,161 shares of the company’s stock, valued at approximately $1,651,185.90. The disclosure for this sale can be found here. Insiders have sold 23,027 shares of company stock valued at $1,864,983 over the last three months. Insiders own 0.85% of the company’s stock.

A number of brokerages recently issued reports on XYL. ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Cowen cut shares of Xylem from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $75.00 to $72.00 in a research report on Tuesday, May 14th. Finally, Credit Suisse Group downgraded shares of Xylem from an “outperform” rating to a “neutral” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $78.83.

Shares of XYL stock traded up $0.93 on Wednesday, reaching $79.28. 810,153 shares of the company’s stock were exchanged, compared to its average volume of 579,726. Xylem Inc has a 52 week low of $60.65 and a 52 week high of $85.39. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $14.11 billion, a PE ratio of 27.53, a P/E/G ratio of 1.48 and a beta of 1.20. The company’s fifty day simple moving average is $77.25 and its 200 day simple moving average is $78.78.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.79 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. Xylem had a return on equity of 19.23% and a net margin of 10.90%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company posted $0.73 EPS. Xylem’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Xylem Inc will post 3.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, August 28th. This represents a $0.96 annualized dividend and a dividend yield of 1.21%. Xylem’s dividend payout ratio (DPR) is 33.33%.

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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