Pacer Advisors Inc. decreased its stake in Xylem Inc. (NYSE:XYL – Free Report) by 35.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,507 shares of the industrial products company’s stock after selling 6,921 shares during the period. Pacer Advisors Inc.’s holdings in Xylem were worth $1,495,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. J. Stern & Co. LLP raised its stake in shares of Xylem by 12,326.6% during the 4th quarter. J. Stern & Co. LLP now owns 45,448,168 shares of the industrial products company’s stock worth $6,189,132,000 after purchasing an additional 45,082,435 shares in the last quarter. Vanguard Group Inc. increased its holdings in Xylem by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 30,054,743 shares of the industrial products company’s stock worth $4,092,855,000 after buying an additional 152,507 shares during the last quarter. State Street Corp raised its position in Xylem by 2.6% during the fourth quarter. State Street Corp now owns 11,233,427 shares of the industrial products company’s stock worth $1,529,768,000 after acquiring an additional 280,221 shares in the last quarter. Geode Capital Management LLC lifted its stake in Xylem by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 6,357,278 shares of the industrial products company’s stock valued at $862,364,000 after acquiring an additional 151,754 shares during the last quarter. Finally, Swedbank AB grew its position in shares of Xylem by 0.3% in the 1st quarter. Swedbank AB now owns 5,526,725 shares of the industrial products company’s stock valued at $660,444,000 after acquiring an additional 18,759 shares during the period. Institutional investors own 87.96% of the company’s stock.
Xylem Price Performance
Shares of NYSE XYL opened at $120.36 on Friday. The firm has a market cap of $28.10 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 1.67 and a beta of 1.02. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. Xylem Inc. has a 1-year low of $105.29 and a 1-year high of $154.27. The business’s 50 day moving average is $116.32 and its 200-day moving average is $121.39.
Xylem Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, May 28th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, May 28th. Xylem’s dividend payout ratio (DPR) is currently 40.95%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Oppenheimer reduced their price target on Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group upgraded Xylem from a “hold” rating to a “buy” rating and lifted their target price for the stock from $130.00 to $140.00 in a research note on Thursday, June 25th. Royal Bank Of Canada increased their price target on Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. CLSA raised shares of Xylem to a “hold” rating in a research report on Thursday, June 25th. Finally, Stifel Nicolaus upped their price objective on shares of Xylem from $157.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and a consensus price target of $154.00.
Check Out Our Latest Analysis on XYL
Xylem Company 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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