AlphaQuest LLC Acquires 6,328 Shares of Xylem Inc. $XYL

AlphaQuest LLC boosted its holdings in Xylem Inc. (NYSE:XYL) by 632,800.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,329 shares of the industrial products company’s stock after purchasing an additional 6,328 shares during the period. AlphaQuest LLC’s holdings in Xylem were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XYL. SJS Investment Consulting Inc. boosted its stake in shares of Xylem by 1,844.4% during the 3rd quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after buying an additional 166 shares during the last quarter. First Horizon Corp bought a new stake in Xylem during the third quarter worth about $30,000. Grey Fox Wealth Advisors LLC acquired a new position in Xylem during the third quarter valued at approximately $34,000. Caldwell Trust Co bought a new position in Xylem in the second quarter valued at approximately $41,000. Finally, FWL Investment Management LLC bought a new position in Xylem in the second quarter valued at approximately $43,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Xylem Stock Performance

Shares of XYL stock opened at $139.97 on Tuesday. Xylem Inc. has a 52 week low of $100.47 and a 52 week high of $154.27. The company has a market capitalization of $34.08 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 1.96 and a beta of 1.17. The company has a 50-day simple moving average of $139.56 and a 200 day simple moving average of $141.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.50 and a current ratio of 1.96.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, November 25th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, November 25th. Xylem’s dividend payout ratio (DPR) is presently 41.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Xylem in a report on Monday, December 29th. Argus set a $170.00 price target on shares of Xylem in a research note on Wednesday, October 29th. Mizuho lowered their price objective on shares of Xylem from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, January 5th. Robert W. Baird set a $178.00 target price on shares of Xylem in a report on Wednesday, October 29th. Finally, Zacks Research cut Xylem from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $165.80.

Xylem Company Profile

Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.

The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.