Quadrature Capital Ltd Has $256,000 Stake in Xylem Inc (XYL)
Quadrature Capital Ltd lessened its position in shares of Xylem Inc (NYSE:XYL) by 73.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,735 shares of the industrial products company’s stock after selling 10,167 shares during the quarter. Quadrature Capital Ltd’s holdings in Xylem were worth $256,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust raised its position in shares of Xylem by 97.4% during the 4th quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock valued at $102,000 after buying an additional 735 shares during the period. Barings LLC raised its position in shares of Xylem by 16.5% during the 4th quarter. Barings LLC now owns 5,656 shares of the industrial products company’s stock valued at $386,000 after buying an additional 800 shares during the period. Global X MANAGEMENT CO LLC raised its position in shares of Xylem by 13.4% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 6,849 shares of the industrial products company’s stock valued at $429,000 after buying an additional 808 shares during the period. Putnam FL Investment Management Co. raised its position in shares of Xylem by 0.7% during the 4th quarter. Putnam FL Investment Management Co. now owns 120,448 shares of the industrial products company’s stock valued at $8,215,000 after buying an additional 856 shares during the period. Finally, Norinchukin Bank The raised its position in shares of Xylem by 7.2% during the 3rd quarter. Norinchukin Bank The now owns 13,366 shares of the industrial products company’s stock valued at $837,000 after buying an additional 894 shares during the period. 85.14% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on XYL shares. Zacks Investment Research lowered shares of Xylem from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Canaccord Genuity reaffirmed a “hold” rating and set a $65.00 price target on shares of Xylem in a research report on Monday, December 11th. Boenning Scattergood reissued a “buy” rating on shares of Xylem in a research report on Friday, December 15th. Royal Bank of Canada reissued a “buy” rating and issued a $80.00 target price on shares of Xylem in a research report on Thursday, January 4th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $83.00 target price on shares of Xylem in a research report on Friday, January 26th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Xylem currently has an average rating of “Buy” and a consensus target price of $70.08.
Xylem (NYSE:XYL) last announced its earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 earnings per share. equities research analysts expect that Xylem Inc will post 2.91 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a $0.21 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.14%. Xylem’s payout ratio is 40.38%.
In other Xylem news, Director Steven R. Loranger sold 47,712 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $68.10, for a total value of $3,249,187.20. Following the completion of the transaction, the director now owns 68,843 shares in the company, valued at $4,688,208.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tomas Brannemo sold 1,151 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $76.41, for a total transaction of $87,947.91. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,896 shares of company stock valued at $5,276,812. Insiders own 0.75% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This story was reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/quadrature-capital-ltd-has-256000-stake-in-xylem-inc-xyl/1909072.html.
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
Want to see what other hedge funds are holding XYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xylem Inc (NYSE:XYL).
Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.