Halsey Associates Inc. CT purchased a new stake in Xylem Inc (NYSE:XYL) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 10,216 shares of the industrial products company’s stock, valued at approximately $697,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Greenleaf Trust increased its holdings in shares of Xylem by 97.4% in the fourth quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock valued at $102,000 after buying an additional 735 shares in the last quarter. Invictus RG acquired a new stake in Xylem during the 3rd quarter valued at $104,000. Hanson & Doremus Investment Management acquired a new stake in Xylem during the 4th quarter valued at $126,000. FNY Partners Fund LP raised its stake in Xylem by 2,700.0% during the 3rd quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,700 shares during the period. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in Xylem during the 3rd quarter valued at $205,000. 85.40% of the stock is currently owned by institutional investors.
XYL has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Canaccord Genuity reissued a “hold” rating and set a $65.00 target price on shares of Xylem in a research note on Monday, December 11th. Boenning Scattergood reissued a “buy” rating on shares of Xylem in a research note on Friday, December 15th. Royal Bank of Canada reissued a “buy” rating and set a $80.00 target price on shares of Xylem in a research note on Thursday, January 4th. Finally, BMO Capital Markets reissued a “buy” rating and set a $83.00 target price on shares of Xylem in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Xylem has an average rating of “Buy” and a consensus price target of $72.42.
In other news, insider Tomas Brannemo sold 11,716 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $73.45, for a total transaction of $860,540.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven R. Loranger sold 17,139 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $68.10, for a total transaction of $1,167,165.90. Following the transaction, the director now owns 26,150 shares in the company, valued at $1,780,815. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,244 shares of company stock worth $2,708,073. 0.75% of the stock is currently owned by corporate insiders.
Xylem Inc (XYL) traded up $0.70 during trading on Tuesday, hitting $78.87. 49,736 shares of the stock traded hands, compared to its average volume of 1,041,448. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.41 and a current ratio of 1.88. Xylem Inc has a fifty-two week low of $47.92 and a fifty-two week high of $79.67. The stock has a market cap of $14,112.60, a PE ratio of 42.48, a P/E/G ratio of 1.51 and a beta of 1.12.
Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the company posted $0.66 EPS. Xylem’s revenue was up 16.6% on a year-over-year basis. research analysts anticipate that Xylem Inc will post 2.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.21 per share. This is a boost from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Wednesday, February 14th. Xylem’s payout ratio is currently 45.65%.
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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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