Jupiter Asset Management Ltd. lessened its stake in Xylem Inc. (NYSE:XYL – Free Report) by 14.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 214,274 shares of the industrial products company’s stock after selling 34,873 shares during the quarter. Jupiter Asset Management Ltd. owned 0.09% of Xylem worth $27,693,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Xylem by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after purchasing an additional 187,847 shares in the last quarter. Baillie Gifford & Co. grew its position in Xylem by 2.3% during the fourth quarter. Baillie Gifford & Co. now owns 3,066,639 shares of the industrial products company’s stock valued at $350,701,000 after buying an additional 69,619 shares during the period. Victory Capital Management Inc. increased its holdings in Xylem by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,527,487 shares of the industrial products company’s stock valued at $289,043,000 after buying an additional 16,713 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Xylem by 5.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,739,221 shares of the industrial products company’s stock worth $197,800,000 after acquiring an additional 85,438 shares during the period. Finally, Norges Bank purchased a new stake in shares of Xylem during the 4th quarter worth about $198,207,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.
Xylem Price Performance
NYSE XYL traded down $0.55 during trading hours on Friday, hitting $137.49. 1,038,513 shares of the company’s stock traded hands, compared to its average volume of 1,075,878. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. The firm’s 50-day moving average is $138.92 and its 200-day moving average is $129.47. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The company has a market capitalization of $33.33 billion, a PE ratio of 48.93, a PEG ratio of 2.44 and a beta of 1.04.
Xylem Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.05%. Xylem’s payout ratio is 51.25%.
Insider Activity at Xylem
In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the transaction, the chief accounting officer now directly owns 3,536 shares in the company, valued at approximately $490,195.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the sale, the senior vice president now directly owns 76,287 shares in the company, valued at approximately $10,604,655.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the transaction, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. TD Cowen lifted their price target on Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Citigroup upped their target price on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Mizuho increased their target price on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Royal Bank of Canada boosted their price target on shares of Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Xylem from $157.00 to $170.00 and gave the company a “buy” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.58.
Read Our Latest Analysis on Xylem
Xylem Profile
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.
Featured Articles
- Five stocks we like better than Xylem
- Find and Profitably Trade Stocks at 52-Week Lows
- Why This AI Stock is Rising Despite Tech Sell-Off
- What Does a Stock Split Mean?
- Investors Are Moving into Bonds and Small Cap Stocks: Here’s Why
- The Most Important Warren Buffett Stock for Investors: His Own
- MarketBeat Week in Review – 7/15 – 7/19
Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.