BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in shares of Xylem Inc (NYSE:XYL) by 16.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 280,666 shares of the industrial products company’s stock after selling 56,423 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.16% of Xylem worth $19,141,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Chevy Chase Trust Holdings Inc. raised its holdings in Xylem by 0.9% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 197,184 shares of the industrial products company’s stock valued at $12,349,000 after acquiring an additional 1,670 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in Xylem in the third quarter valued at approximately $254,000. Patten Group Inc. raised its holdings in Xylem by 295.6% in the third quarter. Patten Group Inc. now owns 127,490 shares of the industrial products company’s stock valued at $2,009,000 after acquiring an additional 95,259 shares in the last quarter. Bank of Montreal Can raised its holdings in Xylem by 4.0% in the fourth quarter. Bank of Montreal Can now owns 762,194 shares of the industrial products company’s stock valued at $51,981,000 after acquiring an additional 29,552 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in Xylem in the fourth quarter valued at approximately $205,000. 85.40% of the stock is currently owned by institutional investors and hedge funds.
Xylem stock opened at $75.69 on Friday. The company has a market cap of $13,920.12, a P/E ratio of 41.14, a price-to-earnings-growth ratio of 1.49 and a beta of 1.12. Xylem Inc has a one year low of $48.13 and a one year high of $79.83. The company has a quick ratio of 1.41, a current ratio of 1.88 and a debt-to-equity ratio of 0.87.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.11%. Xylem’s dividend payout ratio (DPR) is 45.65%.
Several brokerages recently weighed in on XYL. Zacks Investment Research raised shares of Xylem from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Tuesday, March 20th. Oppenheimer increased their price target on shares of Xylem to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $86.00 price target on shares of Xylem in a research note on Friday, February 2nd. Seaport Global Securities reiterated a “buy” rating and issued a $83.00 price target on shares of Xylem in a research note on Friday, February 2nd. Finally, Cowen reiterated a “buy” rating and issued a $80.00 price target on shares of Xylem in a research note on Tuesday, March 6th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Xylem presently has a consensus rating of “Buy” and an average price target of $73.00.
In other news, insider Tomas Brannemo sold 11,716 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $73.45, for a total transaction of $860,540.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Curtis J. Crawford sold 7,948 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $71.77, for a total transaction of $570,427.96. Following the transaction, the director now owns 55,245 shares in the company, valued at $3,964,933.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,105 shares of company stock worth $1,540,907. Insiders own 0.75% of the company’s stock.
Xylem Company Profile
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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