HighPoint Advisor Group LLC lessened its position in Xylem Inc. (NYSE:XYL - Free Report) by 51.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,278 shares of the industrial products company's stock after selling 4,603 shares during the quarter. HighPoint Advisor Group LLC's holdings in Xylem were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in XYL. Dynamic Advisor Solutions LLC bought a new position in shares of Xylem during the first quarter valued at $694,000. Triodos Investment Management BV grew its position in Xylem by 12.7% during the 4th quarter. Triodos Investment Management BV now owns 234,000 shares of the industrial products company's stock valued at $27,149,000 after purchasing an additional 26,300 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Xylem by 30.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the industrial products company's stock valued at $215,000 after purchasing an additional 419 shares in the last quarter. Allianz SE bought a new stake in Xylem during the 4th quarter valued at about $1,910,000. Finally, NBC Securities Inc. purchased a new position in Xylem in the first quarter worth about $72,000. Hedge funds and other institutional investors own 87.96% of the company's stock.
Analysts Set New Price Targets
XYL has been the topic of a number of recent analyst reports. Raymond James Financial upgraded shares of Xylem to a "hold" rating in a report on Thursday, May 15th. Royal Bank Of Canada boosted their target price on Xylem from $143.00 to $147.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Citigroup restated a "buy" rating and issued a $152.00 target price (up previously from $137.00) on shares of Xylem in a report on Monday, July 14th. Stifel Nicolaus lifted their price objective on Xylem from $141.00 to $162.00 and gave the stock a "buy" rating in a report on Monday. Finally, JPMorgan Chase & Co. assumed coverage on Xylem in a report on Friday, May 30th. They issued an "overweight" rating and a $148.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Xylem presently has a consensus rating of "Moderate Buy" and an average target price of $149.29.
Check Out Our Latest Analysis on XYL
Xylem Price Performance
Shares of Xylem stock traded down $0.49 during trading hours on Thursday, hitting $131.28. The company's stock had a trading volume of 716,327 shares, compared to its average volume of 1,144,015. 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 12-month low of $100.47 and a 12-month high of $143.50. The business has a 50 day moving average price of $128.31 and a two-hundred day moving average price of $123.45. The company has a market cap of $31.95 billion, a PE ratio of 35.29, a PEG ratio of 2.39 and a beta of 1.12.
Xylem (NYSE:XYL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. Xylem had a return on equity of 10.12% and a net margin of 10.54%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. Analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.
Xylem Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $1.60 annualized dividend and a yield of 1.22%. Xylem's dividend payout ratio (DPR) is 43.01%.
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.
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