HRT Financial LP bought a new position in Xylem Inc. (NYSE:XYL – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 73,064 shares of the industrial products company’s stock, valued at approximately $7,649,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Independent Advisor Alliance purchased a new stake in Xylem in the first quarter worth $404,000. Norinchukin Bank The increased its stake in Xylem by 3.1% in the first quarter. Norinchukin Bank The now owns 11,634 shares of the industrial products company’s stock worth $1,218,000 after purchasing an additional 353 shares during the period. Champlain Investment Partners LLC purchased a new stake in Xylem in the first quarter worth $54,551,000. Elo Mutual Pension Insurance Co increased its stake in Xylem by 3.7% in the first quarter. Elo Mutual Pension Insurance Co now owns 14,457 shares of the industrial products company’s stock worth $1,514,000 after purchasing an additional 518 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Xylem by 4.4% during the first quarter. Sei Investments Co. now owns 357,565 shares of the industrial products company’s stock valued at $37,437,000 after buying an additional 15,175 shares during the period. Hedge funds and other institutional investors own 84.53% of the company’s stock.
Analyst Upgrades and Downgrades
XYL has been the topic of several research reports. Robert W. Baird upgraded Xylem from a “neutral” rating to an “outperform” rating and raised their price target for the company from $122.00 to $135.00 in a research note on Wednesday, May 31st. Deutsche Bank Aktiengesellschaft initiated coverage on Xylem in a research note on Wednesday, June 28th. They set a “hold” rating and a $121.00 price target on the stock. StockNews.com initiated coverage on Xylem in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Royal Bank of Canada cut their price target on Xylem from $133.00 to $129.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. Finally, Seaport Res Ptn restated a “neutral” rating on shares of Xylem in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $118.25.
Insider Activity at Xylem
In other news, CEO Patrick Decker sold 99,649 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $111.62, for a total value of $11,122,821.38. Following the completion of the sale, the chief executive officer now directly owns 287,564 shares in the company, valued at $32,097,893.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by company insiders.
Xylem Stock Performance
XYL stock traded down $0.96 during trading on Monday, hitting $102.58. 1,200,800 shares of the company traded hands, compared to its average volume of 1,787,236. The stock’s 50-day simple moving average is $107.61 and its 200 day simple moving average is $105.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.64 and a quick ratio of 1.14. The company has a market cap of $24.70 billion, a PE ratio of 54.56, a P/E/G ratio of 2.50 and a beta of 1.09. Xylem Inc. has a 1 year low of $84.15 and a 1 year high of $118.58.
Xylem (NYSE:XYL – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.13. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Xylem had a return on equity of 12.74% and a net margin of 5.81%. Xylem’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period last year, the business earned $0.66 earnings per share. On average, equities analysts expect that Xylem Inc. will post 3.65 earnings per share for the current fiscal year.
Xylem Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.29%. The ex-dividend date is Wednesday, August 30th. Xylem’s dividend payout ratio is currently 70.21%.
Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.
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