Toroso Investments LLC bought a new position in shares of Xylem Inc (NYSE:XYL) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,364 shares of the industrial products company’s stock, valued at approximately $219,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Xylem in the 4th quarter valued at about $274,648,000. BlackRock Inc. grew its holdings in shares of Xylem by 15.9% in the 1st quarter. BlackRock Inc. now owns 16,296,299 shares of the industrial products company’s stock valued at $1,061,377,000 after acquiring an additional 2,241,395 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Xylem by 76.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,907,364 shares of the industrial products company’s stock valued at $124,226,000 after acquiring an additional 825,441 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Xylem by 10.1% in the 4th quarter. Pictet Asset Management Ltd. now owns 4,899,464 shares of the industrial products company’s stock valued at $386,029,000 after acquiring an additional 449,036 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Xylem by 11.3% in the 4th quarter. Alliancebernstein L.P. now owns 2,184,949 shares of the industrial products company’s stock valued at $172,152,000 after acquiring an additional 221,479 shares in the last quarter. Hedge funds and other institutional investors own 85.26% of the company’s stock.
Shares of XYL stock opened at $62.22 on Friday. The firm has a 50 day moving average price of $65.71 and a two-hundred day moving average price of $75.25. The company has a quick ratio of 1.19, a current ratio of 1.55 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $11.15 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 3.14 and a beta of 1.07. Xylem Inc has a 12-month low of $54.62 and a 12-month high of $89.34.
Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.14). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. Xylem had a return on equity of 17.08% and a net margin of 7.01%. The company’s revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. As a group, research analysts expect that Xylem Inc will post 1.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th will be given a $0.26 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.67%. Xylem’s payout ratio is 34.44%.
XYL has been the subject of several analyst reports. Oppenheimer cut Xylem from an “outperform” rating to a “market perform” rating in a report on Friday, March 27th. Canaccord Genuity reiterated a “hold” rating and set a $82.00 price target (up previously from $78.00) on shares of Xylem in a report on Friday, February 7th. Berenberg Bank upgraded Xylem from a “sell” rating to a “hold” rating in a report on Thursday, March 26th. Zacks Investment Research cut Xylem from a “hold” rating to a “sell” rating and set a $73.00 price target for the company. in a report on Monday, April 27th. Finally, Vertical Research upgraded Xylem from a “sell” rating to a “hold” rating in a report on Friday, May 15th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $67.64.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
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