Koshinski Asset Management Inc. raised its holdings in shares of Xylem Inc. (NYSE:XYL) by 98.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,406 shares of the industrial products company’s stock after purchasing an additional 10,121 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Xylem were worth $1,867,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. JustInvest LLC lifted its holdings in Xylem by 4.1% during the 4th quarter. JustInvest LLC now owns 3,464 shares of the industrial products company’s stock valued at $353,000 after purchasing an additional 137 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of Xylem by 4.1% during the fourth quarter. Whittier Trust Co. now owns 3,641 shares of the industrial products company’s stock worth $370,000 after buying an additional 145 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Xylem by 1.6% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,472 shares of the industrial products company’s stock worth $964,000 after buying an additional 147 shares in the last quarter. Cannell Peter B & Co. Inc. lifted its holdings in shares of Xylem by 1.4% during the fourth quarter. Cannell Peter B & Co. Inc. now owns 10,687 shares of the industrial products company’s stock worth $1,088,000 after buying an additional 150 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Xylem by 6.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,782 shares of the industrial products company’s stock worth $283,000 after buying an additional 157 shares in the last quarter. 84.92% of the stock is owned by institutional investors and hedge funds.
XYL has been the subject of a number of research reports. Raymond James downgraded Xylem from an “outperform” rating to a “market perform” rating in a report on Friday, January 8th. Morgan Stanley initiated coverage on Xylem in a report on Wednesday, March 31st. They set an “overweight” rating and a $120.00 target price for the company. Credit Suisse Group lifted their target price on Xylem from $89.00 to $90.00 and gave the stock an “underperform” rating in a report on Friday, February 5th. Cowen downgraded Xylem from a “market perform” rating to an “underperform” rating and set a $65.00 price target for the company. in a research note on Friday, January 8th. Finally, Stifel Nicolaus downgraded Xylem from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Tuesday, December 15th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Xylem currently has a consensus rating of “Hold” and an average price target of $81.46.
Xylem stock opened at $105.94 on Thursday. Xylem Inc. has a 12-month low of $56.63 and a 12-month high of $108.84. The company has a quick ratio of 1.97, a current ratio of 2.40 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $101.95 and its two-hundred day moving average price is $97.18. The stock has a market cap of $19.11 billion, a PE ratio of 76.22, a P/E/G ratio of 4.89 and a beta of 1.05.
Xylem (NYSE:XYL) last released its earnings results on Thursday, February 4th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.13. Xylem had a return on equity of 14.72% and a net margin of 5.09%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $1.34 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts expect that Xylem Inc. will post 1.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 18th. Shareholders of record on Thursday, February 18th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Wednesday, February 17th. This is a boost from Xylem’s previous quarterly dividend of $0.26. Xylem’s payout ratio is currently 37.09%.
In other news, SVP Colin R. Sabol sold 5,596 shares of the business’s stock in a transaction dated Tuesday, January 19th. The stock was sold at an average price of $104.44, for a total transaction of $584,446.24. Following the sale, the senior vice president now directly owns 28,952 shares in the company, valued at $3,023,746.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Hayati Yarkadas sold 6,447 shares of the business’s stock in a transaction dated Monday, March 29th. The stock was sold at an average price of $104.28, for a total value of $672,293.16. Following the sale, the senior vice president now owns 15,503 shares in the company, valued at $1,616,652.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,392 shares of company stock worth $1,907,808. Company insiders own 1.01% of the company’s stock.
Xylem Inc 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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