M. Kulyk & Associates LLC bought a new position in shares of Xylem Inc. (NYSE:XYL – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,728 shares of the industrial products company’s stock, valued at approximately $6,942,000.
Other institutional investors also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC acquired a new stake in shares of Xylem in the fourth quarter worth about $27,000. Wexford Capital LP acquired a new position in shares of Xylem during the 3rd quarter valued at about $27,000. Dunhill Financial LLC acquired a new position in shares of Xylem during the 2nd quarter valued at about $30,000. Avalon Trust Co bought a new position in shares of Xylem in the 2nd quarter valued at approximately $35,000. Finally, Global Assets Advisory LLC bought a new position in shares of Xylem in the 1st quarter valued at approximately $40,000. 87.96% of the stock is currently owned by institutional investors.
Xylem Price Performance
NYSE XYL opened at $113.98 on Wednesday. The stock has a 50-day simple moving average of $117.69 and a 200 day simple moving average of $120.18. Xylem Inc. has a twelve month low of $105.29 and a twelve month high of $154.27. The stock has a market capitalization of $26.61 billion, a PE ratio of 27.14, a P/E/G ratio of 1.66 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61.
Xylem Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th will be paid a $0.43 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. Xylem’s dividend payout ratio (DPR) is presently 40.95%.
Analyst Ratings Changes
XYL has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their target price on Xylem from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Robert W. Baird lifted their price target on shares of Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. CLSA upgraded shares of Xylem to a “hold” rating in a research note on Thursday, June 25th. Barclays upped their price objective on shares of Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Jefferies Financial Group upgraded shares of Xylem from a “hold” rating to a “buy” rating and raised their target price for the company from $130.00 to $140.00 in a research note on Thursday, June 25th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Xylem currently has an average rating of “Moderate Buy” and an average price target of $154.23.
Check Out Our Latest Analysis on XYL
Xylem Profile
Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.
The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.
Read More
- Five stocks we like better than Xylem
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc. (NYSE:XYL – Free Report).
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.
