Van Hulzen Asset Management LLC bought a new stake in Xylem Inc. (NYSE:XYL – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,800 shares of the industrial products company’s stock, valued at approximately $1,395,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC bought a new stake in shares of Xylem during the fourth quarter valued at approximately $27,000. Wexford Capital LP acquired a new position in shares of Xylem during the third quarter worth approximately $27,000. Dunhill Financial LLC bought a new position in shares of Xylem in the 2nd quarter worth $30,000. Avalon Trust Co bought a new position in shares of Xylem in the 2nd quarter worth $35,000. Finally, Global Assets Advisory LLC acquired a new stake in Xylem in the 1st quarter valued at $40,000. 87.96% of the stock is owned by institutional investors and hedge funds.
Xylem Trading Up 0.7%
NYSE XYL opened at $114.18 on Tuesday. The firm has a market capitalization of $26.66 billion, a P/E ratio of 27.19, a PEG ratio of 1.57 and a beta of 1.02. The business has a fifty day simple moving average of $118.10 and a 200 day simple moving average of $119.50. Xylem Inc. has a 12 month low of $105.29 and a 12 month high of $154.27. 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 Dividend Announcement
The company 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 dividend of $0.43 per share. The ex-dividend date is Thursday, August 27th. This represents a $1.72 annualized dividend and a yield of 1.5%. Xylem’s payout ratio is 40.95%.
Analysts Set New Price Targets
A number of analysts have commented on XYL shares. Jefferies Financial Group boosted their price target on shares of Xylem from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday. Citigroup reaffirmed a “buy” rating on shares of Xylem in a research note on Wednesday, July 29th. Oppenheimer reduced their price objective on shares of Xylem from $160.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Barclays boosted their target price on shares of Xylem from $154.00 to $159.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada raised their price target on shares of Xylem from $159.00 to $164.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and a consensus target price of $155.00.
View Our Latest Report on Xylem
About Xylem
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.
Recommended Stories
- Five stocks we like better than Xylem
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc. (NYSE:XYL – Free Report).
Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.
