Dynamic Technology Lab Private Ltd lifted its position in Xylem Inc (NYSE:XYL) by 105.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,065 shares of the industrial products company’s stock after purchasing an additional 4,142 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Xylem were worth $620,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Xylem by 0.6% in the first quarter. BlackRock Inc. now owns 14,219,306 shares of the industrial products company’s stock worth $1,093,749,000 after purchasing an additional 89,246 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Xylem by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 2,027,704 shares of the industrial products company’s stock worth $138,016,000 after purchasing an additional 106,271 shares during the last quarter. USS Investment Management Ltd increased its holdings in shares of Xylem by 5.4% in the first quarter. USS Investment Management Ltd now owns 1,819,692 shares of the industrial products company’s stock worth $132,646,000 after purchasing an additional 92,805 shares during the last quarter. KAMES CAPITAL plc increased its holdings in shares of Xylem by 0.4% in the first quarter. KAMES CAPITAL plc now owns 1,102,872 shares of the industrial products company’s stock worth $84,800,000 after purchasing an additional 4,007 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Xylem by 3.4% in the first quarter. Legal & General Group Plc now owns 943,268 shares of the industrial products company’s stock worth $72,523,000 after purchasing an additional 31,178 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on XYL shares. Zacks Investment Research raised Xylem from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Saturday, April 7th. Cowen reaffirmed a “buy” rating and issued a $80.00 target price on shares of Xylem in a report on Tuesday, March 6th. Oppenheimer reaffirmed a “buy” rating and issued a $82.00 target price on shares of Xylem in a report on Tuesday, May 1st. Boenning Scattergood reaffirmed a “buy” rating and issued a $90.00 target price on shares of Xylem in a report on Tuesday, May 1st. Finally, Canaccord Genuity set a $78.00 target price on Xylem and gave the stock a “hold” rating in a report on Tuesday, April 24th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $80.20.
In related news, Director Curtis J. Crawford sold 7,500 shares of Xylem stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $73.39, for a total value of $550,425.00. Following the completion of the transaction, the director now owns 41,744 shares in the company, valued at $3,063,592.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.81% of the company’s stock.
Xylem opened at $67.38 on Friday, according to MarketBeat Ratings. The stock has a market capitalization of $11.95 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.27 and a beta of 1.10. Xylem Inc has a 12 month low of $54.08 and a 12 month high of $79.83. The company has a quick ratio of 1.02, a current ratio of 1.42 and a debt-to-equity ratio of 0.87.
Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, May 1st. The industrial products company reported $0.51 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion. Xylem had a return on equity of 18.31% and a net margin of 7.29%. The firm’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.39 earnings per share. analysts anticipate that Xylem Inc will post 2.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 21st. Investors of record on Thursday, May 24th were given a $0.21 dividend. The ex-dividend date was Wednesday, May 23rd. This represents a $0.84 annualized dividend and a yield of 1.25%. Xylem’s dividend payout ratio is currently 35.00%.
Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.
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