Sequoia Financial Advisors LLC lessened its holdings in Xylem Inc. (NYSE:XYL – Free Report) by 22.3% during the second quarter, HoldingsChannel.com reports. The firm owned 283,835 shares of the industrial products company’s stock after selling 81,439 shares during the period. Sequoia Financial Advisors LLC’s holdings in Xylem were worth $33,552,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Callahan Advisors LLC acquired a new stake in shares of Xylem in the fourth quarter valued at about $1,721,000. Northwestern Mutual Wealth Management Co. boosted its position in Xylem by 2,309.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 431,824 shares of the industrial products company’s stock valued at $54,314,000 after purchasing an additional 413,904 shares during the last quarter. Abacus Wealth Partners LLC bought a new position in Xylem in the fourth quarter valued at approximately $1,663,000. Norges Bank bought a new position in Xylem in the fourth quarter valued at approximately $361,012,000. Finally, MUFG Securities EMEA plc increased its position in shares of Xylem by 608.1% during the 4th quarter. MUFG Securities EMEA plc now owns 32,990 shares of the industrial products company’s stock worth $4,493,000 after purchasing an additional 28,331 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.
Xylem Stock Performance
XYL opened at $107.47 on Thursday. 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 Inc. has a 12-month low of $105.29 and a 12-month high of $154.27. The business has a 50 day moving average of $116.99 and a 200-day moving average of $117.55. The stock has a market cap of $25.09 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.75 and a beta of 1.00.
Xylem Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, August 27th will be given 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 1.6%. Xylem’s dividend payout ratio (DPR) is 40.95%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on XYL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Xylem in a research note on Wednesday, August 5th. CLSA upgraded shares of Xylem to a “hold” rating in a report on Thursday, June 25th. Barclays upped their price target 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. Jefferies Financial Group increased 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, August 24th. Finally, Citigroup reissued a “buy” rating on shares of Xylem in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.00.
Read Our Latest Stock Analysis on XYL
Xylem Company Profile
Xylem Inc (NYSE: XYL) is a global water technology company that develops products, services and solutions for the transportation, treatment, testing and efficient use of water and wastewater. Its customers include municipalities, utilities, industrial businesses, commercial facilities and residential users.
The company’s offerings include water and wastewater pumps, controls, treatment systems, filtration and disinfection equipment, smart metering and network technologies, monitoring tools, data analytics and related maintenance services.
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