MQS Management LLC bought a new position in Xylem Inc. (NYSE:XYL - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,566 shares of the industrial products company's stock, valued at approximately $617,000.
Several other institutional investors have also added to or reduced their stakes in XYL. EverSource Wealth Advisors LLC lifted its holdings in shares of Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 77 shares during the last quarter. Bangor Savings Bank increased its position in shares of Xylem by 56.7% during the 3rd quarter. Bangor Savings Bank now owns 235 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 85 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Xylem in the second quarter valued at $33,000. Blue Trust Inc. grew its holdings in Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 249 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Xylem by 3,887.5% in the third quarter. Assetmark Inc. now owns 319 shares of the industrial products company's stock worth $43,000 after purchasing an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on XYL. Stifel Nicolaus boosted their price objective on Xylem from $170.00 to $172.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. 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. Robert W. Baird decreased their price objective on shares of Xylem from $175.00 to $154.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Royal Bank of Canada dropped their target price on shares of Xylem from $163.00 to $162.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Finally, UBS Group started coverage on Xylem in a report on Tuesday, August 13th. They issued a "buy" rating and a $165.00 price target for the company. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $147.17.
Get Our Latest Stock Analysis on Xylem
Xylem Stock Performance
Xylem stock traded down $1.06 during mid-day trading on Wednesday, reaching $123.73. 2,230,668 shares of the company traded hands, compared to its average volume of 1,203,656. Xylem Inc. has a fifty-two week low of $99.90 and a fifty-two week high of $146.08. The firm's fifty day moving average is $131.09 and its two-hundred day moving average is $134.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.42. The company has a market capitalization of $30.06 billion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 2.30 and a beta of 1.05.
Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.11 EPS for the quarter, hitting analysts' consensus estimates of $1.11. The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.17 billion. Xylem had a return on equity of 9.61% and a net margin of 9.85%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, equities research analysts expect that Xylem Inc. will post 4.23 earnings per share for the current fiscal year.
Xylem Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Thursday, August 29th. Xylem's dividend payout ratio is presently 42.11%.
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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