Xylem Inc. (NYSE:XYL – Get Free Report) was the recipient of unusually large options trading activity on Monday. Investors acquired 6,132 call options on the company. This is an increase of 408% compared to the typical volume of 1,208 call options.
Institutional Trading of Xylem
Several institutional investors have recently added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. bought a new position in Xylem during the 2nd quarter valued at $1,164,000. Danica Pension Livsforsikringsaktieselskab acquired a new position in Xylem during the 2nd quarter worth $13,359,000. Wealthfront Advisers LLC bought a new stake in shares of Xylem in the 2nd quarter worth about $2,772,000. Figure 8 Investment Strategies LLC bought a new stake in shares of Xylem in the 2nd quarter worth about $2,124,000. Finally, M. Kulyk & Associates LLC acquired a new stake in shares of Xylem in the 2nd quarter valued at about $6,942,000. 87.96% of the stock is owned by institutional investors and hedge funds.
Xylem Stock Up 1.7%
Shares of NYSE XYL traded up $2.04 during midday trading on Monday, reaching $122.36. 266,597 shares of the company’s stock were exchanged, compared to its average volume of 2,000,525. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.24 and a current ratio of 1.61. Xylem has a 52-week low of $105.29 and a 52-week high of $154.27. The business’s fifty day moving average price is $116.32 and its two-hundred day moving average price is $121.21. The stock has a market capitalization of $28.57 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 1.67 and a beta of 1.02.
Xylem Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, May 28th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. Xylem’s dividend payout ratio (DPR) is presently 40.95%.
Wall Street Analyst Weigh In
XYL has been the topic of a number of recent research reports. CLSA upgraded Xylem to a “hold” rating in a research note on Thursday, June 25th. Citigroup reiterated a “buy” rating on shares of Xylem in a research note on Wednesday, July 29th. Oppenheimer reduced their price target on Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. UBS Group upped their price target on Xylem from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group raised shares of Xylem from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $140.00 in a research report on Thursday, June 25th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $154.00.
Read Our Latest Research Report on XYL
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.
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