UNIVEST FINANCIAL Corp purchased a new stake in Xylem Inc. (NYSE:XYL – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,872 shares of the industrial products company’s stock, valued at approximately $931,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in XYL. Orion Porfolio Solutions LLC grew its holdings in Xylem by 1.0% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 7,802 shares of the industrial products company’s stock worth $1,151,000 after acquiring an additional 74 shares during the last quarter. Quest Investment Management LLC raised its stake in shares of Xylem by 1.0% in the third quarter. Quest Investment Management LLC now owns 7,588 shares of the industrial products company’s stock worth $1,119,000 after acquiring an additional 77 shares during the last quarter. Notis McConarty Edward raised its stake in shares of Xylem by 0.3% in the fourth quarter. Notis McConarty Edward now owns 31,678 shares of the industrial products company’s stock worth $4,314,000 after acquiring an additional 86 shares during the last quarter. Moneco Advisors LLC lifted its position in shares of Xylem by 4.6% during the fourth quarter. Moneco Advisors LLC now owns 2,049 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 90 shares in the last quarter. Finally, Compound Planning Inc. lifted its position in shares of Xylem by 4.2% during the fourth quarter. Compound Planning Inc. now owns 2,258 shares of the industrial products company’s stock worth $308,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.
Xylem Stock Performance
XYL stock opened at $117.59 on Tuesday. Xylem Inc. has a twelve month low of $105.29 and a twelve month high of $154.27. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23. The company has a market cap of $27.46 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 1.66 and a beta of 1.02. The business’s fifty day moving average is $117.63 and its 200-day moving average is $120.33.
Xylem Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $1.72 annualized dividend and a yield of 1.5%. Xylem’s dividend payout ratio (DPR) is presently 40.95%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Mizuho raised their price target on shares of Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. UBS Group increased their price objective on Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday. CLSA raised Xylem to a “hold” rating in a research note on Thursday, June 25th. Oppenheimer dropped their target price on Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Finally, Barclays upped their price target on Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Xylem presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.23.
Get Our Latest Analysis on XYL
Xylem Profile
Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.
The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.
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