Marcum Wealth LLC Invests $225,000 in Xylem Inc. (NYSE:XYL)

Marcum Wealth LLC bought a new stake in Xylem Inc. (NYSE:XYL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,744 shares of the industrial products company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XYL. Norges Bank acquired a new stake in Xylem in the 4th quarter valued at $198,207,000. Artisan Partners Limited Partnership bought a new stake in shares of Xylem during the fourth quarter worth about $187,207,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Xylem by 1,503.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after acquiring an additional 1,547,043 shares during the last quarter. Kodai Capital Management LP bought a new position in Xylem in the 4th quarter valued at about $133,945,000. Finally, Balyasny Asset Management L.P. boosted its stake in Xylem by 4,769.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 927,390 shares of the industrial products company’s stock valued at $106,056,000 after purchasing an additional 908,343 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Insider Buying and Selling at Xylem

In other news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the completion of the transaction, the senior vice president now directly owns 76,287 shares in the company, valued at $10,604,655.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Rodney Aulick sold 21,800 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value of $3,030,418.00. Following the transaction, the senior vice president now owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of Xylem stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total value of $315,799.14. Following the sale, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer raised their target price on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. BNP Paribas assumed coverage on shares of Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 price objective on the stock. Robert W. Baird increased their target price on shares of Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Argus boosted their price target on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Citigroup increased their price objective on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Xylem has an average rating of “Moderate Buy” and an average price target of $142.92.

Xylem Stock Down 0.4 %

Shares of NYSE XYL opened at $138.67 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. The stock has a market capitalization of $33.62 billion, a PE ratio of 49.35, a P/E/G ratio of 2.46 and a beta of 1.07. Xylem Inc. has a one year low of $87.59 and a one year high of $146.08. The business’s fifty day moving average price is $137.79 and its 200-day moving average price is $125.96.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The company’s revenue was up 40.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. On average, equities research analysts anticipate that Xylem Inc. will post 4.25 EPS for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. Xylem’s payout ratio is 51.25%.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.