Elo Mutual Pension Insurance Co boosted its stake in Xylem Inc. (NYSE:XYL) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,003 shares of the industrial products company’s stock after purchasing an additional 208 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Xylem were worth $1,368,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Jacobi Capital Management LLC increased its holdings in Xylem by 23.4% in the 1st quarter. Jacobi Capital Management LLC now owns 3,975 shares of the industrial products company’s stock valued at $418,000 after purchasing an additional 753 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new position in shares of Xylem in the first quarter worth $4,205,000. Teacher Retirement System of Texas grew its stake in shares of Xylem by 22.4% in the first quarter. Teacher Retirement System of Texas now owns 20,152 shares of the industrial products company’s stock worth $2,120,000 after acquiring an additional 3,683 shares in the last quarter. Waratah Capital Advisors Ltd. acquired a new position in shares of Xylem in the first quarter worth $480,000. Finally, Fiera Capital Corp grew its stake in shares of Xylem by 71.5% in the first quarter. Fiera Capital Corp now owns 45,744 shares of the industrial products company’s stock worth $4,811,000 after acquiring an additional 19,070 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.
NYSE XYL opened at $118.23 on Friday. The stock has a market capitalization of $21.29 billion, a PE ratio of 70.80, a P/E/G ratio of 3.58 and a beta of 1.03. Xylem Inc. has a 52-week low of $60.92 and a 52-week high of $121.00. The business’s 50-day moving average price is $113.51. The company has a quick ratio of 1.52, a current ratio of 1.84 and a debt-to-equity ratio of 0.84.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 24th. Investors of record on Thursday, May 27th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, May 26th. This represents a $1.12 annualized dividend and a yield of 0.95%. Xylem’s dividend payout ratio is currently 54.37%.
In other Xylem news, SVP Claudia S. Toussaint sold 5,948 shares of the company’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $102.75, for a total transaction of $611,157.00. Following the transaction, the senior vice president now directly owns 59,057 shares in the company, valued at $6,068,106.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Hayati Yarkadas sold 611 shares of the company’s stock in a transaction dated Wednesday, May 12th. The stock was sold at an average price of $117.10, for a total transaction of $71,548.10. Following the transaction, the senior vice president now owns 8,369 shares in the company, valued at $980,009.90. The disclosure for this sale can be found here. Insiders have sold 25,982 shares of company stock valued at $2,832,452 over the last three months. 0.90% of the stock is currently owned by corporate insiders.
A number of equities analysts recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Xylem from $112.00 to $127.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 5th. Zacks Investment Research raised shares of Xylem from a “sell” rating to a “hold” rating and set a $123.00 price target for the company in a research report on Thursday, May 6th. Morgan Stanley assumed coverage on shares of Xylem in a report on Wednesday, March 31st. They issued an “overweight” rating and a $120.00 target price for the company. Credit Suisse Group upped their target price on shares of Xylem from $90.00 to $97.00 and gave the company an “underperform” rating in a report on Wednesday, May 5th. Finally, The Goldman Sachs Group raised shares of Xylem from a “sell” rating to a “neutral” rating and upped their target price for the company from $73.00 to $107.00 in a report on Wednesday, May 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $97.67.
Xylem Company Profile
Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.
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