JPMorgan Chase & Co. boosted its stake in Xylem Inc. (NYSE:XYL - Free Report) by 14.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,240,120 shares of the industrial products company's stock after acquiring an additional 154,197 shares during the quarter. JPMorgan Chase & Co. owned about 0.51% of Xylem worth $167,455,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Bangor Savings Bank lifted its stake in shares of Xylem by 56.7% in the third quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock worth $32,000 after acquiring an additional 85 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Xylem during the 2nd quarter worth approximately $33,000. Assetmark Inc. raised its position in shares of Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 311 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of Xylem by 226.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company's stock valued at $46,000 after buying an additional 235 shares during the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new stake in shares of Xylem during the second quarter worth approximately $47,000. Institutional investors and hedge funds own 87.96% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on XYL. TD Cowen cut their price target on shares of Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. Wolfe Research reaffirmed a "peer perform" rating on shares of Xylem in a research report on Thursday, December 12th. Citigroup raised Xylem from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $135.00 to $148.00 in a report on Monday, December 9th. Royal Bank of Canada reduced their target price on Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Finally, Stifel Nicolaus lowered their price target on Xylem from $172.00 to $166.00 and set a "buy" rating for the company in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $152.20.
Get Our Latest Stock Report on Xylem
Xylem Stock Performance
XYL traded down $0.26 during trading on Wednesday, reaching $116.02. 641,632 shares of the company were exchanged, compared to its average volume of 1,240,252. The company has a current ratio of 1.96, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The stock has a market cap of $28.19 billion, a P/E ratio of 33.92, a PEG ratio of 2.22 and a beta of 1.05. Xylem Inc. has a 52 week low of $109.39 and a 52 week high of $146.08. The firm has a 50 day moving average of $123.60 and a 200 day moving average of $130.63.
Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.11 earnings per share for the quarter, hitting analysts' consensus estimates of $1.11. The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.17 billion. Xylem had a net margin of 9.85% and a return on equity of 9.61%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. On average, sell-side analysts forecast that Xylem Inc. will post 4.23 EPS for the current fiscal year.
Xylem Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, November 26th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, November 26th. Xylem's dividend payout ratio (DPR) is 42.11%.
Xylem Profile
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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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