Public Employees Retirement System of Ohio acquired a new stake in shares of Xylem Inc. (NYSE:XYL – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 67,634 shares of the industrial products company’s stock, valued at approximately $7,995,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wexford Capital LP purchased a new position in shares of Xylem during the third quarter worth approximately $27,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Xylem in the 4th quarter valued at $27,000. Dunhill Financial LLC bought a new position in shares of Xylem during the 2nd quarter valued at $30,000. Avalon Trust Co bought a new position in shares of Xylem during the 2nd quarter valued at $35,000. Finally, Entrust Financial LLC purchased a new position in Xylem in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.
Xylem Price Performance
Shares of Xylem stock opened at $106.64 on Wednesday. The company’s fifty day simple moving average is $118.10 and its two-hundred day simple moving average is $118.44. Xylem Inc. has a 12-month low of $105.29 and a 12-month high of $154.27. The firm has a market cap of $24.90 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 1.77 and a beta of 1.00. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23.
Xylem Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th will be issued a $0.43 dividend. The ex-dividend date is Thursday, August 27th. This represents a $1.72 annualized dividend and a yield of 1.6%. Xylem’s dividend payout ratio (DPR) is 40.95%.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on XYL shares. Robert W. Baird boosted their price target on shares of Xylem from $163.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Jefferies Financial Group lifted their price objective on Xylem from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Xylem in a research note on Wednesday, August 5th. Barclays increased their target price on Xylem from $154.00 to $159.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Stifel Nicolaus lifted their price target on Xylem from $157.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.00.
View Our Latest Analysis on Xylem
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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