Sanctuary Advisors LLC purchased a new stake in shares of Xylem Inc. (NYSE:XYL – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the industrial products company’s stock, valued at approximately $1,182,000.
Other hedge funds have also recently modified their holdings of the company. Orion Porfolio Solutions LLC grew its stake in shares of Xylem by 1.0% in the third quarter. Orion Porfolio Solutions LLC now owns 7,802 shares of the industrial products company’s stock worth $1,151,000 after purchasing an additional 74 shares during the last quarter. Quest Investment Management LLC raised its position in Xylem by 1.0% during the 3rd quarter. Quest Investment Management LLC now owns 7,588 shares of the industrial products company’s stock valued at $1,119,000 after purchasing an additional 77 shares during the last quarter. Notis McConarty Edward lifted its holdings in Xylem by 0.3% in the 4th quarter. Notis McConarty Edward now owns 31,678 shares of the industrial products company’s stock worth $4,314,000 after buying an additional 86 shares during the period. Moneco Advisors LLC lifted its holdings in Xylem by 4.6% in the 4th quarter. Moneco Advisors LLC now owns 2,049 shares of the industrial products company’s stock worth $279,000 after buying an additional 90 shares during the period. Finally, Compound Planning Inc. grew its position in shares of Xylem by 4.2% in the 4th quarter. Compound Planning Inc. now owns 2,258 shares of the industrial products company’s stock worth $308,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.
Xylem Stock Performance
Shares of XYL stock opened at $112.73 on Friday. The company’s fifty day moving average price is $118.20 and its 200-day moving average price is $118.92. The stock has a market cap of $26.32 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 1.67 and a beta of 1.02. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27.
Xylem Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, August 27th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, August 27th. Xylem’s dividend payout ratio (DPR) is presently 40.95%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on XYL. Robert W. Baird upped their target price on Xylem from $163.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. UBS Group lifted their price target on shares of Xylem from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Xylem in a research report on Wednesday, August 5th. Stifel Nicolaus upped their price objective on shares of Xylem from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Mizuho raised their target price on shares of Xylem from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $155.00.
Read Our Latest Stock 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.
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