Quadrature Capital Ltd purchased a new stake in Xylem Inc (NYSE:XYL) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 22,385 shares of the industrial products company’s stock, valued at approximately $1,454,000.
Other large investors have also modified their holdings of the company. Asset Advisors Investment Management LLC acquired a new stake in shares of Xylem in the second quarter valued at about $26,000. Balentine LLC bought a new stake in shares of Xylem in the first quarter valued at about $33,000. Selective Wealth Management Inc. bought a new stake in shares of Xylem in the second quarter valued at about $45,000. Barrett Asset Management LLC bought a new stake in shares of Xylem in the second quarter valued at about $62,000. Finally, Key Financial Inc bought a new stake in shares of Xylem in the first quarter valued at about $80,000. 84.92% of the stock is currently owned by institutional investors.
Shares of NYSE XYL traded up $0.21 during mid-day trading on Friday, hitting $81.87. 891,711 shares of the stock were exchanged, compared to its average volume of 673,894. The company has a market cap of $14.73 billion, a P/E ratio of 58.90, a PEG ratio of 4.43 and a beta of 1.07. The stock’s fifty day simple moving average is $77.60 and its two-hundred day simple moving average is $71.08. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.97 and a current ratio of 2.40. Xylem Inc has a twelve month low of $54.62 and a twelve month high of $89.34.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. Xylem had a net margin of 5.09% and a return on equity of 14.72%. As a group, equities research analysts predict that Xylem Inc will post 1.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, August 27th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, August 26th. Xylem’s dividend payout ratio is currently 34.44%.
In other Xylem news, SVP David Flinton sold 1,008 shares of Xylem stock in a transaction on Monday, August 24th. The shares were sold at an average price of $80.86, for a total transaction of $81,506.88. Following the completion of the sale, the senior vice president now owns 25,757 shares of the company’s stock, valued at approximately $2,082,711.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Colin R. Sabol sold 2,066 shares of Xylem stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $75.00, for a total transaction of $154,950.00. Following the sale, the senior vice president now directly owns 31,185 shares of the company’s stock, valued at approximately $2,338,875. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.
XYL has been the subject of several research reports. Robert W. Baird increased their target price on shares of Xylem from $71.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, June 19th. Vertical Research upgraded shares of Xylem from a “sell” rating to a “hold” rating in a research note on Friday, May 15th. Oppenheimer reiterated a “hold” rating on shares of Xylem in a research note on Thursday, July 30th. Jefferies Financial Group raised their price target on shares of Xylem from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, July 27th. Finally, Credit Suisse Group raised their price target on shares of Xylem from $62.00 to $69.00 and gave the stock an “underperform” rating in a research note on Friday, July 31st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. Xylem has an average rating of “Hold” and an average target price of $70.64.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
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