Strs Ohio lifted its holdings in Xylem Inc. (NYSE:XYL – Free Report) by 28.3% during the 1st quarter, HoldingsChannel reports. The fund owned 215,520 shares of the industrial products company’s stock after acquiring an additional 47,591 shares during the quarter. Strs Ohio’s holdings in Xylem were worth $25,755,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of XYL. Knuff & Co LLC acquired a new position in shares of Xylem during the 3rd quarter worth approximately $27,000. Board of the Pension Protection Fund acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Xylem in the fourth quarter valued at approximately $27,000. Wexford Capital LP bought a new stake in shares of Xylem in the third quarter valued at approximately $27,000. Finally, Ramirez Asset Management Inc. grew its position in Xylem by 100.0% during the third quarter. Ramirez Asset Management Inc. now owns 200 shares of the industrial products company’s stock worth $30,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.
Xylem Price Performance
Shares of NYSE:XYL opened at $118.22 on Friday. Xylem Inc. has a one year low of $105.29 and a one year high of $154.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.10. The company has a market cap of $28.10 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 1.68 and a beta of 1.03. The firm has a 50 day simple moving average of $112.66 and a 200 day simple moving average of $124.67.
Xylem Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, May 28th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 28th. Xylem’s dividend payout ratio is presently 42.79%.
Insider Activity
In other news, Director Jerome A. Peribere bought 1,210 shares of the company’s stock in a transaction on Monday, May 4th. The stock was purchased at an average cost of $116.61 per share, for a total transaction of $141,098.10. Following the completion of the transaction, the director owned 27,209 shares of the company’s stock, valued at $3,172,841.49. This trade represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Geri-Michelle Mcshane sold 4,269 shares of Xylem stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $117.46, for a total value of $501,436.74. Following the sale, the chief accounting officer directly owned 3,605 shares in the company, valued at $423,443.30. The trade was a 54.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.32% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Weiss Ratings cut Xylem from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Oppenheimer reduced their target price on Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. CLSA raised Xylem to a “hold” rating in a research note on Thursday, June 25th. Citigroup reduced their price objective on shares of Xylem from $174.00 to $168.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Barclays decreased their target price on shares of Xylem from $156.00 to $154.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $153.54.
Check Out Our Latest Report on Xylem
Xylem 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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