Banque Cantonale Vaudoise purchased a new position in shares of Xylem Inc. (NYSE:XYL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,751 shares of the industrial products company's stock, valued at approximately $2,836,000.
A number of other hedge funds have also made changes to their positions in XYL. Orion Portfolio Solutions LLC raised its stake in shares of Xylem by 56.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 7,656 shares of the industrial products company's stock valued at $888,000 after purchasing an additional 2,770 shares in the last quarter. Allstate Corp bought a new stake in shares of Xylem during the fourth quarter valued at about $836,000. Schroder Investment Management Group raised its stake in shares of Xylem by 0.9% during the fourth quarter. Schroder Investment Management Group now owns 28,661 shares of the industrial products company's stock valued at $3,333,000 after purchasing an additional 259 shares in the last quarter. AIA Group Ltd raised its position in Xylem by 7.5% in the fourth quarter. AIA Group Ltd now owns 2,017 shares of the industrial products company's stock worth $234,000 after acquiring an additional 140 shares in the last quarter. Finally, Summit Financial LLC acquired a new stake in Xylem in the 4th quarter valued at about $675,000. Institutional investors and hedge funds own 87.96% of the company's stock.
Xylem Price Performance
Shares of Xylem stock traded down $2.58 during trading on Friday, reaching $142.04. 2,023,902 shares of the company's stock were exchanged, compared to its average volume of 1,508,948. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $144.83. The company has a market cap of $34.57 billion, a P/E ratio of 38.18, a PEG ratio of 2.37 and a beta of 1.12. The firm's 50-day moving average price is $129.08 and its 200 day moving average price is $124.10.
Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.11. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the company posted $1.09 EPS. Xylem's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, research analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.
Xylem Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem's dividend payout ratio is presently 43.01%.
Analysts Set New Price Targets
A number of analysts have commented on XYL shares. Citigroup reaffirmed a "buy" rating and set a $152.00 price objective (up from $137.00) on shares of Xylem in a research note on Monday, July 14th. Robert W. Baird dropped their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Raymond James Financial upgraded Xylem to a "hold" rating in a report on Thursday, May 15th. Stifel Nicolaus upped their target price on Xylem from $162.00 to $175.00 and gave the company a "buy" rating in a report on Friday. Finally, Royal Bank Of Canada upped their target price on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $151.14.
Check Out Our Latest Stock Report on XYL
Xylem Profile
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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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