Penserra Capital Management LLC Has $429,000 Holdings in Xylem Inc (XYL)
Penserra Capital Management LLC grew its stake in Xylem Inc (NYSE:XYL) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,300 shares of the industrial products company’s stock after buying an additional 990 shares during the quarter. Penserra Capital Management LLC’s holdings in Xylem were worth $429,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Invictus RG purchased a new stake in Xylem in the third quarter worth about $104,000. Hanson & Doremus Investment Management purchased a new stake in Xylem in the fourth quarter worth about $126,000. FNY Partners Fund LP increased its position in Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock worth $175,000 after buying an additional 2,700 shares in the last quarter. UMB Bank N A MO purchased a new stake in Xylem in the fourth quarter worth about $205,000. Finally, BTIM Corp. purchased a new stake in Xylem in the fourth quarter worth about $206,000. Institutional investors and hedge funds own 85.07% of the company’s stock.
Several analysts recently issued reports on XYL shares. Oppenheimer reiterated a “buy” rating on shares of Xylem in a research report on Tuesday, October 31st. Boenning Scattergood reiterated a “buy” rating on shares of Xylem in a research report on Friday, December 15th. Canaccord Genuity reiterated a “hold” rating and set a $65.00 target price on shares of Xylem in a research report on Monday, December 11th. BMO Capital Markets reiterated a “buy” rating and set a $86.00 target price on shares of Xylem in a research report on Friday, February 2nd. Finally, Zacks Investment Research cut Xylem from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $70.08.
Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. analysts forecast that Xylem Inc will post 2.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.15%. The ex-dividend date is Wednesday, February 14th. This is a boost from Xylem’s previous quarterly dividend of $0.18. Xylem’s dividend payout ratio (DPR) is currently 39.34%.
In other Xylem news, Director Curtis J. Crawford sold 7,948 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $71.77, for a total transaction of $570,427.96. Following the completion of the transaction, the director now owns 55,245 shares in the company, valued at approximately $3,964,933.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven R. Loranger sold 47,712 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $68.10, for a total value of $3,249,187.20. Following the transaction, the director now owns 68,843 shares of the company’s stock, valued at approximately $4,688,208.30. The disclosure for this sale can be found here. Insiders have sold a total of 75,455 shares of company stock valued at $5,166,873 in the last 90 days. 0.75% of the stock is currently owned by company insiders.
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Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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