Cypress Asset Management Inc. TX Lowers Holdings in Xylem Inc (NYSE:XYL)

Cypress Asset Management Inc. TX cut its holdings in Xylem Inc (NYSE:XYL) by 4.8% during the third quarter, Holdings Channel reports. The firm owned 17,273 shares of the industrial products company’s stock after selling 870 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in Xylem were worth $1,375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of XYL. City Holding Co. raised its holdings in shares of Xylem by 116.7% during the 3rd quarter. City Holding Co. now owns 325 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 175 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of Xylem by 1,530.4% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 375 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 352 shares in the last quarter. Private Ocean LLC purchased a new stake in shares of Xylem during the 2nd quarter worth approximately $33,000. Valeo Financial Advisors LLC raised its holdings in shares of Xylem by 500.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 420 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 350 shares in the last quarter. Finally, Doyle Wealth Management purchased a new stake in shares of Xylem during the 2nd quarter worth approximately $46,000. 84.56% of the stock is currently owned by institutional investors.

XYL has been the topic of several recent research reports. Credit Suisse Group cut Xylem from an “outperform” rating to a “neutral” rating in a report on Friday, August 2nd. Jefferies Financial Group initiated coverage on Xylem in a report on Friday, September 20th. They set a “buy” rating and a $90.00 price objective on the stock. ValuEngine cut Xylem from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Seaport Global Securities reaffirmed a “buy” rating on shares of Xylem in a report on Tuesday, October 15th. Finally, Zacks Investment Research cut Xylem from a “hold” rating to a “sell” rating and set a $82.00 price objective on the stock. in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $80.92.

Shares of NYSE XYL traded up $0.95 during trading hours on Monday, hitting $80.73. 7,419 shares of the company traded hands, compared to its average volume of 761,718. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.19. 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 company’s 50 day moving average price is $77.44 and its 200 day moving average price is $78.95. Xylem Inc has a 12 month low of $60.65 and a 12 month high of $85.39.

Xylem (NYSE:XYL) last released its earnings results on Thursday, August 1st. The industrial products company reported $0.79 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. Xylem had a return on equity of 19.23% and a net margin of 10.90%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS. Equities analysts anticipate that Xylem Inc will post 3.15 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, August 28th. Xylem’s dividend payout ratio is currently 33.33%.

In other news, SVP Kenneth Napolitano sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.49, for a total transaction of $387,450.00. Following the transaction, the senior vice president now owns 46,228 shares of the company’s stock, valued at approximately $3,582,207.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Colin R. Sabol sold 4,099 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $78.37, for a total value of $321,238.63. Following the transaction, the senior vice president now directly owns 33,518 shares in the company, valued at approximately $2,626,805.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,099 shares of company stock worth $1,464,339. Corporate insiders own 0.85% of the company’s stock.

Xylem Company 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.

Featured Story: How to Invest in Growth Stocks

Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc (NYSE:XYL).

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.