Puzo Michael J purchased a new position in Xylem Inc. (NYSE:XYL – Free Report) during the second quarter, HoldingsChannel reports. The firm purchased 65,331 shares of the industrial products company’s stock, valued at approximately $7,723,000. Xylem accounts for approximately 2.0% of Puzo Michael J’s portfolio, making the stock its 22nd biggest holding.
Other institutional investors also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new stake in Xylem during the 4th quarter valued at about $27,000. Wexford Capital LP bought a new position in shares of Xylem in the third quarter worth approximately $27,000. Dunhill Financial LLC bought a new position in shares of Xylem in the second quarter worth approximately $30,000. Avalon Trust Co purchased a new stake in shares of Xylem during the second quarter valued at approximately $35,000. Finally, Global Assets Advisory LLC bought a new stake in shares of Xylem during the first quarter valued at approximately $40,000. 87.96% of the stock is owned by hedge funds and other institutional investors.
Xylem Price Performance
NYSE XYL opened at $116.28 on Thursday. The stock has a market capitalization of $27.15 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.58 and a beta of 1.02. Xylem Inc. has a 1-year low of $105.29 and a 1-year high of $154.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24. The business’s fifty day moving average price is $117.87 and its 200-day moving average price is $120.03.
Xylem Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, August 27th. Xylem’s payout ratio is currently 40.95%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on XYL. CLSA upgraded shares of Xylem to a “hold” rating in a report on Thursday, June 25th. Oppenheimer cut their target price on Xylem from $160.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Royal Bank Of Canada lifted their target price on Xylem from $159.00 to $164.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. UBS Group boosted their price target on Xylem from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Finally, Mizuho increased their price objective on Xylem from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and an average price target of $154.23.
Check Out Our Latest Research Report on XYL
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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