Van Hulzen Asset Management LLC acquired a new stake in Xylem Inc. (NYSE:XYL – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,800 shares of the industrial products company’s stock, valued at approximately $1,395,000.
Other large investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC raised its stake in shares of Xylem by 1.0% during the 3rd 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 period. Quest Investment Management LLC grew its position in Xylem by 1.0% during the third quarter. Quest Investment Management LLC now owns 7,588 shares of the industrial products company’s stock valued at $1,119,000 after buying an additional 77 shares during the period. Notis McConarty Edward grew its position in Xylem by 0.3% during the fourth quarter. Notis McConarty Edward now owns 31,678 shares of the industrial products company’s stock valued at $4,314,000 after buying an additional 86 shares during the period. Moneco Advisors LLC increased its holdings in Xylem by 4.6% during the fourth 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 last quarter. Finally, Compound Planning Inc. increased its holdings in Xylem by 4.2% during the fourth 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. 87.96% of the stock is owned by hedge funds and other institutional investors.
Xylem Price Performance
NYSE XYL opened at $114.18 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23. The company has a market cap of $26.66 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.57 and a beta of 1.02. Xylem Inc. has a 52 week low of $105.29 and a 52 week high of $154.27. The firm’s 50-day simple moving average is $118.10 and its two-hundred day simple moving average is $119.50.
Xylem Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, August 27th. Xylem’s payout ratio is currently 40.95%.
Analysts Set New Price Targets
A number of research firms have weighed in on XYL. Barclays boosted their target price on shares of Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Robert W. Baird raised their price target on shares of Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Xylem in a report on Wednesday, August 5th. Citigroup reiterated a “buy” rating on shares of Xylem in a research note on Wednesday, July 29th. Finally, CLSA raised Xylem to a “hold” rating in a report on Thursday, June 25th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Xylem currently has an average rating of “Moderate Buy” and a consensus price target of $155.00.
View Our Latest Stock Report on Xylem
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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