Mariner Wealth Advisors LLC grew its holdings in Xylem Inc (NYSE:XYL) by 512.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,962 shares of the industrial products company’s stock after acquiring an additional 21,722 shares during the period. Mariner Wealth Advisors LLC’s holdings in Xylem were worth $1,771,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Xylem by 16.0% in the fourth quarter. BlackRock Inc. now owns 14,130,060 shares of the industrial products company’s stock worth $963,668,000 after purchasing an additional 1,949,335 shares in the last quarter. Parnassus Investments CA increased its stake in shares of Xylem by 0.8% in the fourth quarter. Parnassus Investments CA now owns 6,063,309 shares of the industrial products company’s stock worth $413,518,000 after purchasing an additional 48,919 shares in the last quarter. Impax Asset Management LTD increased its stake in shares of Xylem by 0.6% in the third quarter. Impax Asset Management LTD now owns 3,106,646 shares of the industrial products company’s stock worth $194,569,000 after purchasing an additional 18,698 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Xylem by 31.6% in the third quarter. Bank of New York Mellon Corp now owns 2,027,810 shares of the industrial products company’s stock worth $127,002,000 after purchasing an additional 487,360 shares in the last quarter. Finally, USS Investment Management Ltd increased its stake in shares of Xylem by 4.2% in the third quarter. USS Investment Management Ltd now owns 1,726,887 shares of the industrial products company’s stock worth $108,146,000 after purchasing an additional 69,877 shares in the last quarter. 85.14% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. BMO Capital Markets reissued a “buy” rating and issued a $86.00 price objective on shares of Xylem in a research note on Friday, February 2nd. Seaport Global Securities reissued a “buy” rating and issued a $83.00 price objective on shares of Xylem in a research note on Friday, February 2nd. Canaccord Genuity reissued a “hold” rating and issued a $75.00 price objective on shares of Xylem in a research note on Sunday, January 28th. Finally, Oppenheimer increased their price objective on shares of Xylem to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $70.08.
Xylem Inc (NYSE:XYL) opened at $74.73 on Wednesday. The firm has a market cap of $13,420.00, a price-to-earnings ratio of 40.84, a P/E/G ratio of 1.44 and a beta of 1.20. Xylem Inc has a 52 week low of $46.95 and a 52 week high of $76.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.41 and a current ratio of 1.88.
Xylem (NYSE:XYL) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Xylem had a net margin of 7.03% and a return on equity of 17.95%. Xylem’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the company posted $0.66 earnings per share. equities analysts predict that Xylem Inc will post 2.91 EPS for the current fiscal year.
The firm also recently disclosed 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 a boost from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, February 14th. Xylem’s dividend payout ratio (DPR) is presently 45.90%.
In other Xylem news, Director Curtis J. Crawford sold 7,948 shares of Xylem stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $71.77, for a total value of $570,427.96. Following the completion of the transaction, the director now directly owns 55,245 shares of the company’s stock, valued at approximately $3,964,933.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven R. Loranger sold 47,712 shares of Xylem stock in a transaction on Monday, December 18th. The stock was sold at an average price of $68.10, for a total transaction of $3,249,187.20. Following the completion of the transaction, the director now directly owns 68,843 shares of the company’s stock, valued at $4,688,208.30. The disclosure for this sale can be found here. Insiders sold a total of 75,455 shares of company stock valued at $5,166,873 over the last three months. Corporate insiders own 0.75% of the company’s stock.
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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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