Callan Family Office LLC purchased a new position in shares of Xylem Inc. (NYSE:XYL – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,040 shares of the industrial products company’s stock, valued at approximately $652,000.
Several other large investors have also made changes to their positions in XYL. Valley National Advisers Inc. boosted its position in shares of Xylem by 84.9% during the 1st quarter. Valley National Advisers Inc. now owns 220 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 101 shares in the last quarter. Maseco LLP bought a new position in Xylem in the 2nd quarter valued at approximately $31,000. Center for Financial Planning Inc. lifted its stake in Xylem by 52.0% in the 1st quarter. Center for Financial Planning Inc. now owns 266 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 91 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in Xylem by 950.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 252 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 228 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in Xylem by 90.6% in the 1st quarter. Headlands Technologies LLC now owns 305 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.
Xylem Trading Up 1.2%
XYL opened at $146.02 on Tuesday. Xylem Inc. has a twelve month low of $100.47 and a twelve month high of $151.16. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $143.12 and a 200-day moving average of $130.64. The stock has a market cap of $35.54 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 2.49 and a beta of 1.13.
Xylem Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, August 28th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Xylem’s dividend payout ratio is 41.56%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Xylem from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Stifel Nicolaus increased their price objective on shares of Xylem from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Citigroup increased their price objective on shares of Xylem from $168.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Research raised shares of Xylem from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Xylem in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $154.67.
View Our Latest Analysis on XYL
Insider Buying and Selling at Xylem
In other news, CAO Geri-Michelle Mcshane sold 1,000 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $139.96, for a total transaction of $139,960.00. Following the completion of the sale, the chief accounting officer directly owned 2,957 shares in the company, valued at $413,861.72. This represents a 25.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by company insiders.
Xylem Profile
Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.
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