Koshinski Asset Management Inc. raised its holdings in Xylem Inc. (NYSE:XYL) by 98.4% in the fourth quarter, Holdings Channel reports. The firm owned 20,406 shares of the industrial products company’s stock after purchasing an additional 10,121 shares during the period. Koshinski Asset Management Inc.’s holdings in Xylem were worth $1,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. JustInvest LLC grew its stake in Xylem by 4.1% in the 4th quarter. JustInvest LLC now owns 3,464 shares of the industrial products company’s stock valued at $353,000 after purchasing an additional 137 shares during the period. Whittier Trust Co. grew its stake in shares of Xylem by 4.1% during the 4th quarter. Whittier Trust Co. now owns 3,641 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 145 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Xylem by 1.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,472 shares of the industrial products company’s stock worth $964,000 after acquiring an additional 147 shares during the period. Cannell Peter B & Co. Inc. grew its stake in shares of Xylem by 1.4% during the 4th quarter. Cannell Peter B & Co. Inc. now owns 10,687 shares of the industrial products company’s stock worth $1,088,000 after acquiring an additional 150 shares during the period. Finally, Stratos Wealth Partners LTD. grew its stake in shares of Xylem by 6.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 2,782 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 84.92% of the company’s stock.
Shares of Xylem stock opened at $105.94 on Thursday. The company has a current ratio of 2.40, a quick ratio of 1.97 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $19.11 billion, a PE ratio of 76.22, a price-to-earnings-growth ratio of 4.89 and a beta of 1.05. The business’s 50-day moving average price is $101.95 and its 200-day moving average price is $97.18. Xylem Inc. has a 12 month low of $56.63 and a 12 month high of $108.84.
Xylem (NYSE:XYL) last announced its quarterly earnings data on Thursday, February 4th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.68 by $0.13. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.29 billion. Xylem had a return on equity of 14.72% and a net margin of 5.09%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $1.34 EPS. As a group, analysts predict that Xylem Inc. will post 1.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 18th. Stockholders of record on Thursday, February 18th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, February 17th. This is a positive change from Xylem’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.06%. Xylem’s dividend payout ratio is 37.09%.
In related news, SVP Colin R. Sabol sold 5,596 shares of the firm’s stock in a transaction that occurred on Tuesday, January 19th. The stock was sold at an average price of $104.44, for a total transaction of $584,446.24. Following the transaction, the senior vice president now directly owns 28,952 shares in the company, valued at approximately $3,023,746.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Kairus Tarapore sold 401 shares of the firm’s stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $99.53, for a total value of $39,911.53. Following the transaction, the senior vice president now owns 14,409 shares in the company, valued at $1,434,127.77. The disclosure for this sale can be found here. Insiders have sold a total of 18,392 shares of company stock worth $1,907,808 over the last quarter. Corporate insiders own 1.01% of the company’s stock.
Several research analysts have recently weighed in on the company. Credit Suisse Group increased their price target on Xylem from $89.00 to $90.00 and gave the stock an “underperform” rating in a research note on Friday, February 5th. Cowen downgraded Xylem from a “market perform” rating to an “underperform” rating and set a $65.00 price target for the company. in a research note on Friday, January 8th. Stifel Nicolaus downgraded Xylem from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Tuesday, December 15th. They noted that the move was a valuation call. Citigroup dropped their price objective on Xylem from $113.00 to $109.00 and set a “neutral” rating on the stock in a report on Friday, February 5th. Finally, Raymond James cut Xylem from an “outperform” rating to a “market perform” rating in a report on Friday, January 8th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $81.46.
Xylem Company Profile
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.
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