Proficio Capital Partners LLC acquired a new stake in shares of Xylem Inc. (NYSE:XYL – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 95,252 shares of the industrial products company’s stock, valued at approximately $11,051,000.
A number of other hedge funds have also made changes to their positions in XYL. Impax Asset Management Group plc increased its stake in shares of Xylem by 231.5% during the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company’s stock valued at $644,039,000 after acquiring an additional 3,883,845 shares during the period. Victory Capital Management Inc. increased its stake in shares of Xylem by 42.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company’s stock valued at $269,865,000 after acquiring an additional 698,745 shares during the period. Swedbank AB boosted its holdings in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company’s stock worth $427,325,000 after buying an additional 691,618 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Xylem during the third quarter worth approximately $68,593,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Xylem during the third quarter worth approximately $52,169,000. Institutional investors and hedge funds own 87.96% of the company’s stock.
Xylem Trading Up 1.4 %
Xylem stock opened at $122.74 on Friday. The company has a 50 day moving average price of $124.74 and a 200 day moving average price of $126.63. Xylem Inc. has a 52 week low of $113.26 and a 52 week high of $146.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.76. The firm has a market capitalization of $29.83 billion, a price-to-earnings ratio of 33.54, a P/E/G ratio of 2.33 and a beta of 1.08.
Xylem Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be given a $0.40 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. Xylem’s dividend payout ratio is presently 43.72%.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Xylem from $139.00 to $148.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Stifel Nicolaus reduced their target price on shares of Xylem from $166.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 24th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Finally, Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.89.
Check Out Our Latest Research Report on Xylem
Xylem 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.
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