SeaCrest Wealth Management LLC bought a new stake in Xylem Inc (NYSE:XYL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,671 shares of the industrial products company’s stock, valued at approximately $387,000.
Other institutional investors have also recently bought and sold shares of the company. Invictus RG acquired a new position in shares of Xylem in the third quarter valued at approximately $104,000. Hanson & Doremus Investment Management bought a new stake in shares of Xylem in the fourth quarter valued at approximately $126,000. Tower Research Capital LLC TRC bought a new stake in shares of Xylem in the second quarter valued at approximately $168,000. FNY Partners Fund LP boosted its stake in shares of Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after buying an additional 2,700 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of Xylem by 18.3% in the second quarter. Advisor Group Inc. now owns 3,592 shares of the industrial products company’s stock valued at $198,000 after buying an additional 555 shares during the period. 85.49% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on XYL. Oppenheimer boosted their price target on Xylem to $82.00 and gave the company an “outperform” rating 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. 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. Canaccord Genuity reiterated a “hold” rating and issued a $75.00 price target on shares of Xylem in a research note on Sunday, January 28th. Finally, Zacks Investment Research cut Xylem from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $70.00.
Xylem (NYSE:XYL) last released its earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. equities analysts anticipate that Xylem Inc will post 2.91 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, February 14th. This is a boost from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 1.17%. Xylem’s dividend payout ratio is presently 39.34%.
In other news, Director Steven R. Loranger sold 17,139 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $68.10, for a total transaction of $1,167,165.90. Following the completion of the transaction, the director now directly owns 26,150 shares in the company, valued at $1,780,815. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven R. Loranger sold 47,712 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $68.10, for a total transaction of $3,249,187.20. Following the transaction, the director now owns 68,843 shares of the company’s stock, valued at $4,688,208.30. The disclosure for this sale can be found here. Insiders have sold 67,507 shares of company stock valued at $4,596,445 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.
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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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