AdvisorNet Financial Inc Grows Stock Holdings in Xylem Inc. (NYSE:XYL)

AdvisorNet Financial Inc raised its position in shares of Xylem Inc. (NYSE:XYLFree Report) by 224.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,059 shares of the industrial products company’s stock after purchasing an additional 733 shares during the period. AdvisorNet Financial Inc’s holdings in Xylem were worth $121,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new position in shares of Xylem in the fourth quarter worth about $27,000. NBC Securities Inc. purchased a new position in shares of Xylem in the third quarter worth about $38,000. KB Financial Partners LLC purchased a new position in shares of Xylem in the first quarter worth about $42,000. Coppell Advisory Solutions LLC purchased a new position in shares of Xylem in the second quarter worth about $45,000. Finally, ST Germain D J Co. Inc. purchased a new position in shares of Xylem in the second quarter worth about $46,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Transactions at Xylem

In other news, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total value of $293,270.32. Following the sale, the senior vice president now directly owns 11,750 shares of the company’s stock, valued at approximately $1,431,032.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Geri-Michelle Mcshane sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $122.89, for a total value of $122,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,935 shares in the company, valued at approximately $360,682.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Franz Cerwinka sold 2,408 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.79, for a total transaction of $293,270.32. Following the completion of the transaction, the senior vice president now owns 11,750 shares of the company’s stock, valued at $1,431,032.50. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Royal Bank of Canada lifted their price objective on Xylem from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Robert W. Baird raised their target price on Xylem from $141.00 to $148.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. BNP Paribas initiated coverage on Xylem in a research note on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 target price on the stock. Citigroup raised their target price on Xylem from $122.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Finally, Raymond James raised Xylem from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.00.

Read Our Latest Analysis on Xylem

Xylem Stock Performance

Xylem stock opened at $128.92 on Thursday. The stock’s 50 day simple moving average is $124.32 and its two-hundred day simple moving average is $109.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.30 and a current ratio of 1.76. The stock has a market cap of $31.17 billion, a price-to-earnings ratio of 47.40, a PEG ratio of 2.60 and a beta of 1.10. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $130.86.

Xylem (NYSE:XYLGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Xylem had a return on equity of 9.65% and a net margin of 8.27%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. As a group, analysts expect that Xylem Inc. will post 4.13 earnings per share for the current fiscal year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 21st were given a $0.36 dividend. This is a boost from Xylem’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Tuesday, February 20th. Xylem’s payout ratio is currently 52.94%.

Xylem Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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