SG Americas Securities LLC Sells 13,451 Shares of Xylem Inc (XYL)
SG Americas Securities LLC lowered its position in shares of Xylem Inc (NYSE:XYL) by 70.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,748 shares of the industrial products company’s stock after selling 13,451 shares during the quarter. SG Americas Securities LLC’s holdings in Xylem were worth $360,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in XYL. Retirement Systems of Alabama lifted its position in Xylem by 0.4% during the second quarter. Retirement Systems of Alabama now owns 87,134 shares of the industrial products company’s stock valued at $4,830,000 after buying an additional 381 shares during the period. Global X Management Co. LLC lifted its position in Xylem by 19.7% during the second quarter. Global X Management Co. LLC now owns 6,041 shares of the industrial products company’s stock valued at $335,000 after buying an additional 993 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Xylem by 4.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 785,143 shares of the industrial products company’s stock valued at $43,521,000 after buying an additional 34,064 shares during the period. Arizona State Retirement System lifted its position in Xylem by 0.5% during the second quarter. Arizona State Retirement System now owns 44,600 shares of the industrial products company’s stock valued at $2,472,000 after buying an additional 200 shares during the period. Finally, Conning Inc. purchased a new position in Xylem during the second quarter valued at $223,000. 85.57% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on XYL shares. Royal Bank of Canada reissued an “outperform” rating and set a $71.00 price objective (up previously from $64.00) on shares of Xylem in a research report on Wednesday, October 4th. Canaccord Genuity reissued a “hold” rating and set a $56.00 price objective on shares of Xylem in a research report on Friday, October 6th. Boenning Scattergood reissued an “outperform” rating on shares of Xylem in a research report on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $63.00 price target on shares of Xylem in a research report on Friday, October 13th. Finally, Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Thursday, October 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $65.17.
Xylem Inc (NYSE:XYL) traded up $0.87 on Friday, hitting $67.57. The stock had a trading volume of 1,818,838 shares, compared to its average volume of 733,901. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a market cap of $11,979.32, a price-to-earnings ratio of 29.13, a PEG ratio of 1.86 and a beta of 1.17. Xylem Inc has a 12-month low of $46.67 and a 12-month high of $69.88.
Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. Xylem’s quarterly revenue was up 33.2% compared to the same quarter last year. equities analysts anticipate that Xylem Inc will post 2.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is 41.86%.
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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.
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