Rampart Investment Management Company LLC Has $643,000 Stock Holdings in Xylem Inc (NYSE:XYL)

Rampart Investment Management Company LLC decreased its position in shares of Xylem Inc (NYSE:XYL) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,692 shares of the industrial products company’s stock after selling 821 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Xylem were worth $643,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of XYL. Meridian Wealth Management LLC acquired a new position in shares of Xylem in the 1st quarter valued at $30,000. FinTrust Capital Advisors LLC lifted its stake in shares of Xylem by 1,530.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 375 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 352 shares during the period. Private Ocean LLC acquired a new position in shares of Xylem in the 2nd quarter valued at $33,000. BSW Wealth Partners acquired a new position in shares of Xylem in the 1st quarter valued at $45,000. Finally, Mcmillion Capital Management Inc. acquired a new position in shares of Xylem in the 2nd quarter valued at $53,000. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of XYL traded up $0.20 during trading hours on Thursday, reaching $78.59. The stock had a trading volume of 18,021 shares, compared to its average volume of 629,834. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.71. Xylem Inc has a 52 week low of $60.65 and a 52 week high of $85.39. The firm has a 50-day moving average of $76.83 and a 200 day moving average of $78.89. The company has a market cap of $14.11 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.49 and a beta of 1.20.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Wednesday, August 28th. Xylem’s dividend payout ratio is currently 33.33%.

In related news, insider Tomas Brannemo sold 6,683 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $81.90, for a total value of $547,337.70. Following the completion of the sale, the insider now owns 20,161 shares in the company, valued at approximately $1,651,185.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kenneth Napolitano sold 5,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.49, for a total transaction of $387,450.00. Following the completion of the sale, the senior vice president now owns 46,228 shares of the company’s stock, valued at approximately $3,582,207.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,027 shares of company stock valued at $2,252,433. 0.85% of the stock is owned by corporate insiders.

A number of research analysts have recently weighed in on XYL shares. Credit Suisse Group downgraded Xylem from an “outperform” rating to a “neutral” rating in a research note on Friday, August 2nd. Zacks Investment Research raised Xylem from a “sell” rating to a “hold” rating and set a $83.00 price target on the stock in a research note on Saturday, September 14th. Finally, ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Xylem has an average rating of “Hold” and an average target price of $79.17.

About Xylem

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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