Norden Group LLC Buys Shares of 21,824 Xylem Inc. (NYSE:XYL)

Norden Group LLC purchased a new stake in Xylem Inc. (NYSE:XYL) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,824 shares of the industrial products company’s stock, valued at approximately $2,821,000.

A number of other institutional investors have also modified their holdings of XYL. Norges Bank bought a new stake in shares of Xylem in the 4th quarter valued at about $198,207,000. Artisan Partners Limited Partnership bought a new stake in shares of Xylem in the 4th quarter valued at about $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Xylem by 1,503.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after buying an additional 1,547,043 shares in the last quarter. Kodai Capital Management LP bought a new stake in shares of Xylem in the 4th quarter valued at about $133,945,000. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Xylem by 4,769.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock valued at $106,056,000 after buying an additional 908,343 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Rodney Aulick sold 21,800 shares of Xylem stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the sale, the senior vice president now directly owns 76,287 shares in the company, valued at approximately $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Xylem Price Performance

NYSE:XYL opened at $132.71 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. The firm has a market cap of $32.18 billion, a price-to-earnings ratio of 47.23, a price-to-earnings-growth ratio of 2.35 and a beta of 1.04. The company has a 50 day moving average price of $138.89 and a 200-day moving average price of $127.50. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08.

Xylem (NYSE:XYL) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The business’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. Equities research analysts forecast that Xylem Inc. will post 4.24 EPS for the current year.

Xylem Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, May 30th. Xylem’s payout ratio is presently 51.25%.

Analyst Upgrades and Downgrades

XYL has been the topic of a number of recent analyst reports. Argus raised their price target on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. BNP Paribas started coverage on shares of Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 target price for the company. TD Cowen lifted their target price on shares of Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Robert W. Baird lifted their target price on shares of Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, Citigroup lifted their target price on shares of Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem has an average rating of “Moderate Buy” and an average price target of $142.92.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.