Strs Ohio decreased its holdings in Xylem Inc (NYSE:XYL) by 5.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,838 shares of the industrial products company’s stock after selling 1,146 shares during the period. Strs Ohio’s holdings in Xylem were worth $1,352,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Chevy Chase Trust Holdings Inc. raised its holdings in Xylem by 0.9% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 197,184 shares of the industrial products company’s stock worth $12,349,000 after purchasing an additional 1,670 shares in the last quarter. Highbridge Capital Management LLC bought a new position in Xylem in the 3rd quarter worth $254,000. Patten Group Inc. raised its holdings in Xylem by 295.6% in the 3rd quarter. Patten Group Inc. now owns 127,490 shares of the industrial products company’s stock worth $2,009,000 after purchasing an additional 95,259 shares in the last quarter. Swiss National Bank raised its holdings in Xylem by 1.2% in the 3rd quarter. Swiss National Bank now owns 661,922 shares of the industrial products company’s stock worth $41,456,000 after purchasing an additional 8,100 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Xylem in the 3rd quarter worth $1,509,000. 85.07% of the stock is owned by institutional investors.
Several brokerages have commented on XYL. Oppenheimer upped their price objective on shares of Xylem to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Seaport Global Securities reiterated a “buy” rating and issued a $83.00 price target on shares of Xylem in a research note on Friday, February 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $86.00 price target on shares of Xylem in a research note on Friday, February 2nd. Canaccord Genuity reiterated a “hold” rating and issued a $75.00 price target on shares of Xylem in a research note on Sunday, January 28th. Finally, Zacks Investment Research lowered shares of Xylem from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Xylem presently has an average rating of “Buy” and an average price target of $70.08.
Shares of Xylem Inc (XYL) traded up $1.52 during midday trading on Monday, hitting $72.34. 338,006 shares of the stock were exchanged, compared to its average volume of 1,098,685. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.41 and a current ratio of 1.88. The stock has a market cap of $12,719.27, a P/E ratio of 39.32, a PEG ratio of 1.35 and a beta of 1.20. Xylem Inc has a 12-month low of $46.95 and a 12-month high of $76.81.
Xylem (NYSE:XYL) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. equities research analysts forecast that Xylem Inc will post 2.91 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be issued a $0.21 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.16%. Xylem’s dividend payout ratio (DPR) is presently 39.13%.
In other Xylem news, Director Steven R. Loranger sold 17,139 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $68.10, for a total transaction of $1,167,165.90. Following the sale, the director now owns 26,150 shares in the company, valued at approximately $1,780,815. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tomas Brannemo sold 2,260 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $67.75, for a total transaction of $153,115.00. Following the sale, the insider now owns 10,975 shares in the company, valued at approximately $743,556.25. The disclosure for this sale can be found here. In the last three months, insiders sold 67,507 shares of company stock worth $4,596,445. 0.75% of the stock is currently owned by insiders.
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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