Covea Finance boosted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 28.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,901 shares of the industrial products company's stock after buying an additional 30,615 shares during the quarter. Covea Finance owned approximately 0.06% of Xylem worth $16,354,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Perkins Coie Trust Co bought a new stake in Xylem during the first quarter valued at approximately $27,000. Lee Danner & Bass Inc. purchased a new position in Xylem during the fourth quarter valued at approximately $30,000. Rialto Wealth Management LLC purchased a new position in Xylem during the fourth quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new position in Xylem during the fourth quarter valued at approximately $36,000. Finally, SRS Capital Advisors Inc. lifted its holdings in Xylem by 69.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 130 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.
Xylem Stock Performance
XYL stock opened at $124.46 on Friday. The firm has a market cap of $30.29 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 2.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.89. The firm has a 50-day simple moving average of $122.26 and a two-hundred day simple moving average of $121.72. Xylem Inc. has a one year low of $100.47 and a one year high of $143.50.
Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.54% and a return on equity of 10.12%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the firm posted $0.90 EPS. Xylem's revenue was up 1.8% on a year-over-year basis. On average, equities analysts forecast that Xylem Inc. will post 4.65 EPS for the current fiscal year.
Xylem Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, May 29th will be paid a $0.40 dividend. The ex-dividend date is Thursday, May 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. Xylem's dividend payout ratio is currently 43.01%.
Analyst Ratings Changes
Several brokerages have weighed in on XYL. Stifel Nicolaus lifted their price target on shares of Xylem from $140.00 to $141.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Robert W. Baird lowered their target price on shares of Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. started coverage on shares of Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Raymond James Financial raised shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Finally, Royal Bank Of Canada boosted their target price on shares of Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Xylem presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.71.
Read Our Latest Stock Analysis on XYL
About Xylem
(
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.
See Also
Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc. (NYSE:XYL - Free Report).
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