DNB Asset Management AS trimmed its position in shares of Xylem Inc. (NYSE:XYL – Get Rating) by 65.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,488 shares of the industrial products company’s stock after selling 127,932 shares during the period. DNB Asset Management AS’s holdings in Xylem were worth $5,839,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. James Reed Financial Services Inc. acquired a new position in Xylem during the 4th quarter valued at about $26,000. UMB Bank N A MO acquired a new stake in shares of Xylem in the 4th quarter worth approximately $27,000. AGF Investments LLC acquired a new stake in shares of Xylem in the 4th quarter worth approximately $27,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Xylem in the 4th quarter worth approximately $34,000. Finally, Covestor Ltd acquired a new stake in shares of Xylem in the 4th quarter worth approximately $45,000. 83.83% of the stock is owned by hedge funds and other institutional investors.
XYL stock opened at $75.52 on Thursday. Xylem Inc. has a 52-week low of $72.08 and a 52-week high of $138.78. The company’s 50 day simple moving average is $82.30 and its 200-day simple moving average is $93.82. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.62 and a quick ratio of 1.21. The firm has a market capitalization of $13.60 billion, a P/E ratio of 32.55, a P/E/G ratio of 2.39 and a beta of 1.08.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Thursday, May 26th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.59%. Xylem’s dividend payout ratio is currently 51.72%.
A number of analysts have recently weighed in on the stock. Mizuho reduced their price target on shares of Xylem from $115.00 to $85.00 in a research note on Friday, May 6th. StockNews.com started coverage on shares of Xylem in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James upgraded shares of Xylem from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 5th. Morgan Stanley dropped their target price on shares of Xylem from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, June 9th. Finally, Cowen upgraded shares of Xylem from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Xylem has an average rating of “Hold” and an average price target of $106.11.
In other Xylem news, SVP Colin R. Sabol sold 4,233 shares of the company’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $83.05, for a total value of $351,550.65. Following the transaction, the senior vice president now owns 27,373 shares in the company, valued at approximately $2,273,327.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Hayati Yarkadas sold 2,082 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $74.18, for a total transaction of $154,442.76. Following the completion of the transaction, the senior vice president now owns 9,556 shares in the company, valued at approximately $708,864.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,390 shares of company stock worth $512,471. Company insiders own 0.89% of the company’s stock.
Xylem Profile (Get Rating)
Xylem Inc, together with its subsidiaries, 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 through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions.
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