Patten & Patten Inc. TN increased its position in shares of Xylem Inc (NYSE:XYL) by 22.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,100 shares of the industrial products company’s stock after acquiring an additional 2,550 shares during the period. Patten & Patten Inc. TN’s holdings in Xylem were worth $962,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Federated Investors Inc. PA boosted its position in shares of Xylem by 5.8% in the 2nd quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 181 shares during the period. Wells Fargo & Company MN boosted its position in shares of Xylem by 8.4% in the 2nd quarter. Wells Fargo & Company MN now owns 182,960 shares of the industrial products company’s stock valued at $10,141,000 after purchasing an additional 14,203 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Xylem by 3.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 395,004 shares of the industrial products company’s stock valued at $21,895,000 after purchasing an additional 11,336 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of Xylem by 63.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 118,249 shares of the industrial products company’s stock valued at $6,554,000 after purchasing an additional 45,689 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of Xylem by 0.8% in the 2nd quarter. New York State Common Retirement Fund now owns 560,722 shares of the industrial products company’s stock valued at $31,081,000 after purchasing an additional 4,499 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Xylem Inc (NYSE:XYL) traded up $0.54 during midday trading on Wednesday, reaching $73.31. The company’s stock had a trading volume of 1,368,340 shares, compared to its average volume of 1,126,795. Xylem Inc has a 12-month low of $46.95 and a 12-month high of $76.81. The firm has a market cap of $12,918.63, a price-to-earnings ratio of 39.84, a PEG ratio of 1.37 and a beta of 1.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.88 and a quick ratio of 1.41.
Xylem (NYSE:XYL) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. The business had revenue of $1.28 billion during 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 revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. equities research analysts forecast that Xylem Inc will post 2.91 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be paid a $0.21 dividend. This is a positive change 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 yield of 1.15%. Xylem’s payout ratio is currently 39.13%.
A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Saturday. Canaccord Genuity reiterated a “hold” rating and issued a $65.00 price target on shares of Xylem in a research report on Wednesday, November 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $80.00 price target on shares of Xylem in a research report on Thursday, January 4th. Oppenheimer raised their price objective on Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets restated a “buy” rating and set a $83.00 price objective on shares of Xylem in a research report on Friday, January 26th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $70.08.
In related news, Director Curtis J. Crawford sold 7,948 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $71.77, for a total value of $570,427.96. Following the sale, the director now owns 55,245 shares of the company’s stock, valued at approximately $3,964,933.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tomas Brannemo sold 2,260 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $67.75, for a total value of $153,115.00. Following the completion of the sale, the insider now directly owns 10,975 shares in the company, valued at approximately $743,556.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,455 shares of company stock worth $5,166,873. 0.75% of the stock is owned by insiders.
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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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