SVB Wealth LLC acquired a new position in Xylem Inc. (NYSE:XYL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,782 shares of the industrial products company's stock, valued at approximately $1,135,000.
Several other institutional investors have also added to or reduced their stakes in XYL. Swedbank AB lifted its stake in Xylem by 22.8% in the third quarter. Swedbank AB now owns 2,991,583 shares of the industrial products company's stock worth $403,953,000 after purchasing an additional 554,609 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Xylem by 0.8% during the third quarter. New York State Common Retirement Fund now owns 368,047 shares of the industrial products company's stock worth $49,697,000 after acquiring an additional 2,997 shares during the period. Farther Finance Advisors LLC increased its position in shares of Xylem by 6.6% during the third quarter. Farther Finance Advisors LLC now owns 1,412 shares of the industrial products company's stock worth $191,000 after acquiring an additional 87 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Xylem by 1.9% during the third quarter. Janney Montgomery Scott LLC now owns 38,427 shares of the industrial products company's stock worth $5,189,000 after acquiring an additional 713 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Xylem by 7.3% during the third quarter. Van ECK Associates Corp now owns 6,700 shares of the industrial products company's stock worth $883,000 after acquiring an additional 458 shares during the period. Institutional investors own 87.96% of the company's stock.
Shares of XYL stock opened at $130.91 on Monday. The company's 50 day moving average is $122.87 and its 200 day moving average is $127.17. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 52-week low of $113.26 and a 52-week high of $146.08. The firm has a market cap of $31.80 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.33 and a beta of 1.07.
Xylem (NYSE:XYL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.06. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company earned $0.99 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, February 18th will be issued a $0.40 dividend. This is a positive change from Xylem's previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.22%. The ex-dividend date is Tuesday, February 18th. Xylem's payout ratio is currently 43.72%.
XYL has been the topic of a number of research reports. 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 research report on Wednesday, February 5th. Citigroup lowered shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. TD Cowen reduced their target price on shares of Xylem from $138.00 to $125.00 and set a "hold" rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus cut their price objective on shares of Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Xylem in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Xylem currently has an average rating of "Moderate Buy" and a consensus price target of $149.90.
Check Out Our Latest Stock Report on Xylem
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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