SG Americas Securities LLC lifted its position in shares of Xylem Inc. (NYSE:XYL - Free Report) by 40.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,604 shares of the industrial products company's stock after acquiring an additional 3,338 shares during the quarter. SG Americas Securities LLC's holdings in Xylem were worth $1,386,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Perkins Coie Trust Co acquired a new stake in shares of Xylem during the 1st quarter valued at $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Xylem during the 4th quarter valued at $30,000. Rialto Wealth Management LLC acquired a new stake in shares of Xylem during the 4th quarter valued at $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Xylem during the 4th quarter valued at $36,000. Finally, SRS Capital Advisors Inc. raised its position in Xylem by 69.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 317 shares of the industrial products company's stock worth $37,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.
Analyst Ratings Changes
Several research analysts recently issued reports on XYL shares. Stifel Nicolaus raised their target price on Xylem from $140.00 to $141.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Robert W. Baird lowered their target price on Xylem from $149.00 to $146.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada raised 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 lowered their target price on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. started coverage on Xylem in a research report on Friday, May 30th. They set an "overweight" rating and a $148.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $143.71.
Get Our Latest Stock Report on Xylem
Xylem Stock Up 1.6%
XYL stock opened at $127.51 on Tuesday. The stock's 50 day simple moving average is $121.01 and its 200 day simple moving average is $121.71. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $143.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The company has a market cap of $31.03 billion, a P/E ratio of 34.84, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13.
Xylem (NYSE:XYL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.04 billion. Xylem had a return on equity of 9.96% and a net margin of 10.40%. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 EPS. On average, 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. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, May 29th. Xylem's dividend payout ratio is currently 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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