Silvant Capital Management LLC purchased a new position in shares of Xylem Inc. (NYSE:XYL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 69,714 shares of the industrial products company’s stock, valued at approximately $5,362,000.
Other large investors have also recently added to or reduced their stakes in the company. Greenleaf Trust grew its stake in Xylem by 97.4% during the 4th quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock worth $102,000 after buying an additional 735 shares during the last quarter. Hanson & Doremus Investment Management purchased a new position in shares of Xylem in the 4th quarter valued at approximately $126,000. UMB Bank N A MO purchased a new position in shares of Xylem in the 4th quarter valued at approximately $205,000. JOYN Advisors Inc. purchased a new position in shares of Xylem in the 4th quarter valued at approximately $205,000. Finally, Close Asset Management Ltd purchased a new position in shares of Xylem in the 4th quarter valued at approximately $205,000. Hedge funds and other institutional investors own 84.72% of the company’s stock.
Xylem opened at $71.47 on Friday, MarketBeat reports. The company has a current ratio of 1.42, a quick ratio of 1.02 and a debt-to-equity ratio of 0.87. Xylem Inc. has a 1-year low of $71.23 and a 1-year high of $72.34. The company has a market capitalization of $12.86 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 21st. Investors of record on Thursday, May 24th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.18%. Xylem’s dividend payout ratio (DPR) is presently 35.00%.
In related news, Director Curtis J. Crawford sold 7,500 shares of Xylem stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $73.39, for a total value of $550,425.00. Following the sale, the director now directly 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 can be accessed through this link. Also, insider Tomas Brannemo sold 11,716 shares of Xylem stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $73.45, for a total value of $860,540.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,657 shares of company stock worth $1,520,904. Company insiders own 0.81% of the company’s stock.
Several brokerages have weighed in on XYL. BMO Capital Markets lowered their target price on Xylem from $86.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 2nd. Stifel Nicolaus lowered their target price on Xylem from $77.00 to $75.00 and set a “hold” rating on the stock in a research note on Wednesday, May 2nd. Oppenheimer reiterated a “buy” rating and issued a $82.00 target price on shares of Xylem in a research note on Tuesday, May 1st. Boenning Scattergood reiterated a “buy” rating and issued a $90.00 target price on shares of Xylem in a research note on Tuesday, May 1st. Finally, Canaccord Genuity set a $78.00 target price on Xylem and gave the company a “hold” rating in a research note on Tuesday, April 24th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $80.20.
Xylem Company Profile
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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