Gabelli Funds LLC reduced its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 483,930 shares of the industrial products company's stock after selling 12,240 shares during the period. Gabelli Funds LLC owned 0.20% of Xylem worth $56,146,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in Xylem during the 3rd quarter worth about $419,000. MML Investors Services LLC raised its position in shares of Xylem by 66.9% in the third quarter. MML Investors Services LLC now owns 15,935 shares of the industrial products company's stock valued at $2,152,000 after buying an additional 6,386 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Xylem by 16.1% during the third quarter. Sanctuary Advisors LLC now owns 26,036 shares of the industrial products company's stock worth $3,303,000 after acquiring an additional 3,614 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Xylem in the 3rd quarter worth approximately $2,492,000. Finally, Tidal Investments LLC lifted its stake in shares of Xylem by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 47,642 shares of the industrial products company's stock worth $6,433,000 after purchasing an additional 783 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Citigroup dropped their target price on Xylem from $152.00 to $134.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Stifel Nicolaus dropped their price objective on shares of Xylem from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Robert W. Baird raised their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Xylem presently has an average rating of "Moderate Buy" and a consensus target price of $147.33.
Check Out Our Latest Analysis on Xylem
Xylem Stock Performance
NYSE XYL traded up $1.34 during trading hours on Friday, reaching $110.53. The company's stock had a trading volume of 2,154,926 shares, compared to its average volume of 1,389,048. The stock has a market cap of $26.90 billion, a PE ratio of 30.20, a PEG ratio of 2.33 and a beta of 1.08. The business has a 50-day simple moving average of $120.60 and a 200 day simple moving average of $123.24. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $146.08.
Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts predict that Xylem Inc. will post 4.65 earnings per share for the current fiscal year.
Xylem Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Xylem's previous quarterly dividend of $0.36. Xylem's payout ratio is 43.72%.
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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