MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Xylem Inc. (NYSE:XYL - Free Report) by 22.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,581 shares of the industrial products company's stock after acquiring an additional 16,801 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Xylem were worth $11,060,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of XYL. Tallon Kerry Patrick purchased a new stake in Xylem during the 4th quarter valued at about $260,000. Janney Montgomery Scott LLC grew its stake in Xylem by 24.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 47,901 shares of the industrial products company's stock valued at $5,558,000 after acquiring an additional 9,474 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Xylem by 9.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,268 shares of the industrial products company's stock valued at $379,000 after acquiring an additional 270 shares in the last quarter. Blue Trust Inc. grew its stake in Xylem by 29.4% during the 4th quarter. Blue Trust Inc. now owns 1,294 shares of the industrial products company's stock valued at $150,000 after acquiring an additional 294 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Xylem by 46.4% during the 4th quarter. Pacer Advisors Inc. now owns 26,387 shares of the industrial products company's stock valued at $3,061,000 after acquiring an additional 8,366 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.
Xylem Trading Up 0.2%
Shares of XYL stock traded up $0.29 during trading hours on Friday, hitting $125.95. The company had a trading volume of 2,624,076 shares, compared to its average volume of 1,404,432. The company's fifty day moving average is $118.04 and its 200 day moving average is $121.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.76 and a quick ratio of 1.33. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The stock has a market capitalization of $30.65 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10.
Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the business posted $0.90 EPS. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts expect that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.
Xylem Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, May 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. Xylem's dividend payout ratio is currently 43.01%.
Analyst Ratings Changes
Several brokerages recently issued reports on XYL. Raymond James raised shares of Xylem to a "hold" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. assumed coverage on shares of Xylem in a report on Friday. They set an "overweight" rating and a $148.00 price target for the company. Royal Bank of Canada upped their price objective on Xylem from $143.00 to $147.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Citigroup decreased their price objective on Xylem from $152.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird decreased their price objective on Xylem from $149.00 to $146.00 and set an "outperform" rating on the stock 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $143.71.
Check Out Our Latest 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.
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