A number of other hedge funds have also bought and sold shares of the business. Hexagon Capital Partners LLC increased its stake in Xylem by 32.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 393 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 96 shares in the last quarter. Diversified Trust Co increased its position in shares of Xylem by 2.3% in the 4th quarter. Diversified Trust Co now owns 4,196 shares of the industrial products company’s stock valued at $464,000 after acquiring an additional 96 shares during the period. Baker Tilly Wealth Management LLC raised its stake in Xylem by 2.0% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 5,136 shares of the industrial products company’s stock worth $568,000 after acquiring an additional 99 shares during the last quarter. Parallel Advisors LLC grew its stake in Xylem by 3.3% during the 4th quarter. Parallel Advisors LLC now owns 3,145 shares of the industrial products company’s stock valued at $348,000 after purchasing an additional 99 shares during the last quarter. Finally, Utah Retirement Systems increased its holdings in shares of Xylem by 0.3% in the third quarter. Utah Retirement Systems now owns 32,029 shares of the industrial products company’s stock valued at $2,798,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 83.57% of the company’s stock.
Xylem Price Performance
Shares of Xylem stock traded up $2.62 during trading hours on Friday, reaching $104.75. 797,542 shares of the company’s stock were exchanged, compared to its average volume of 2,004,617. Xylem Inc. has a 1 year low of $72.08 and a 1 year high of $118.58. The company has a market capitalization of $18.92 billion, a P/E ratio of 49.82, a price-to-earnings-growth ratio of 2.54 and a beta of 1.08. The business has a fifty day moving average of $103.07 and a two-hundred day moving average of $105.95. The company has a quick ratio of 1.44, a current ratio of 2.01 and a debt-to-equity ratio of 0.52.
Xylem (NYSE:XYL – Get Rating) last released its earnings results on Thursday, May 4th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.10. Xylem had a net margin of 6.53% and a return on equity of 16.63%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, research analysts predict that Xylem Inc. will post 3.28 earnings per share for the current fiscal year.
Xylem Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Tuesday, May 30th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, May 26th. Xylem’s dividend payout ratio is presently 64.39%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on XYL. Robert W. Baird upgraded shares of Xylem from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $122.00 to $135.00 in a research note on Wednesday. Mizuho restated a “neutral” rating and issued a $105.00 target price on shares of Xylem in a research note on Wednesday, February 8th. StockNews.com initiated coverage on Xylem in a report on Thursday, May 18th. They set a “hold” rating on the stock. TheStreet lowered Xylem from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Finally, Citigroup dropped their price objective on shares of Xylem from $123.00 to $121.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.64.
Insiders Place Their Bets
In related news, CEO Patrick Decker sold 56,298 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $98.19, for a total transaction of $5,527,900.62. Following the completion of the sale, the chief executive officer now directly owns 287,564 shares of the company’s stock, valued at approximately $28,235,909.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by insiders.
Xylem Company Profile
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Xylem, Inc engages in the design, manufacture, and application of engineered technologies for the water industry. It operates through the following business segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment focuses on the transportation, treatment and testing of water.
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