Boston Common Asset Management LLC increased its stake in shares of Xylem Inc. (NYSE:XYL – Free Report) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,740 shares of the industrial products company’s stock after acquiring an additional 19,073 shares during the quarter. Xylem makes up about 1.0% of Boston Common Asset Management LLC’s portfolio, making the stock its 25th largest position. Boston Common Asset Management LLC owned approximately 0.06% of Xylem worth $19,575,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. SJS Investment Consulting Inc. increased its position in shares of Xylem by 1,844.4% during the third quarter. SJS Investment Consulting Inc. now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 166 shares in the last quarter. Knuff & Co LLC bought a new position in Xylem in the 3rd quarter valued at about $27,000. Wexford Capital LP bought a new position in Xylem in the 3rd quarter valued at about $27,000. Board of the Pension Protection Fund acquired a new position in Xylem during the 4th quarter valued at about $27,000. Finally, First Horizon Corp bought a new stake in Xylem during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 87.96% of the company’s stock.
Xylem Stock Down 1.2%
XYL stock opened at $116.14 on Tuesday. The stock has a market cap of $28.24 billion, a P/E ratio of 29.63, a P/E/G ratio of 1.68 and a beta of 1.17. The company has a current ratio of 1.62, a quick ratio of 1.28 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $129.20 and its two-hundred day simple moving average is $138.24. Xylem Inc. has a 1-year low of $100.47 and a 1-year high of $154.27.
Xylem declared that its board has authorized a share buyback plan on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the industrial products company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Xylem Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, February 24th were given a $0.43 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 24th. Xylem’s payout ratio is presently 43.88%.
Analysts Set New Price Targets
XYL has been the topic of a number of recent research reports. William Blair began coverage on Xylem in a report on Monday, January 26th. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Xylem in a research report on Monday, December 29th. The Goldman Sachs Group set a $158.00 price objective on Xylem in a research note on Wednesday, February 11th. Barclays cut their price objective on shares of Xylem from $166.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Finally, Mizuho set a $138.00 target price on shares of Xylem in a report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.08.
Get Our Latest Research Report on Xylem
About Xylem
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.
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