Jefferies Group LLC lifted its stake in shares of Xylem Inc (NYSE:XYL) by 339.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,067 shares of the industrial products company’s stock after buying an additional 24,776 shares during the period. Jefferies Group LLC’s holdings in Xylem were worth $2,187,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of XYL. Greenleaf Trust lifted its stake in shares of Xylem by 97.4% during the fourth quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock worth $102,000 after buying an additional 735 shares during the period. Invictus RG acquired a new stake in shares of Xylem during the third quarter worth $104,000. Hanson & Doremus Investment Management acquired a new stake in shares of Xylem during the fourth quarter worth $126,000. FNY Partners Fund LP lifted its stake in shares of Xylem by 2,700.0% during 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 during the period. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Xylem during the third quarter worth $205,000. Institutional investors and hedge funds own 85.46% of the company’s stock.
Several equities research analysts have recently commented on XYL shares. Cowen reiterated a “buy” rating and set a $80.00 price objective on shares of Xylem in a research note on Tuesday, March 6th. Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Sunday, January 21st. Canaccord Genuity reiterated a “hold” rating and set a $75.00 price objective on shares of Xylem in a research note on Sunday, January 28th. Oppenheimer lifted their price objective on shares of Xylem to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Seaport Global Securities restated a “buy” rating and set a $83.00 target price on shares of Xylem in a research report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $72.42.
Xylem Inc (XYL) opened at $78.09 on Tuesday. The stock has a market cap of $14,297.90, a price-to-earnings ratio of 33.26, a P/E/G ratio of 1.53 and a beta of 1.12. Xylem Inc has a 1 year low of $47.73 and a 1 year high of $79.67. The company has a current ratio of 1.88, a quick ratio of 1.41 and a debt-to-equity ratio of 0.87.
Xylem (NYSE:XYL) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. equities analysts anticipate that Xylem Inc will post 2.92 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a yield of 1.08%. Xylem’s payout ratio is currently 45.65%.
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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