Scout Investments Inc. purchased a new stake in shares of Xylem Inc. (NYSE:XYL) during the third quarter, Holdings Channel reports. The firm purchased 524,164 shares of the company’s stock, valued at approximately $27,492,000. Xylem comprises approximately 0.8% of Scout Investments Inc.’s holdings, making the stock its 27th largest position.
Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD raised its stake in Xylem by 1.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,115 shares of the company’s stock valued at $630,000 after buying an additional 219 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Xylem during the second quarter valued at approximately $4,137,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Xylem by 5.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 555,798 shares of the company’s stock valued at $24,816,000 after buying an additional 30,274 shares during the last quarter. Kanawha Capital Management LLC raised its stake in Xylem by 1.4% in the second quarter. Kanawha Capital Management LLC now owns 31,850 shares of the company’s stock valued at $1,422,000 after buying an additional 450 shares during the last quarter. Finally, Bank of Hawaii acquired a new stake in Xylem during the second quarter valued at approximately $247,000. 86.57% of the stock is owned by hedge funds and other institutional investors.
Shares of Xylem Inc. (NYSE:XYL) opened at 48.10 on Tuesday. Xylem Inc. has a one year low of $36.42 and a one year high of $54.99. The stock has a market capitalization of $8.63 billion, a PE ratio of 33.17 and a beta of 1.21. The stock’s 50 day moving average price is $49.04 and its 200 day moving average price is $50.09.
Xylem (NYSE:XYL) last announced its earnings results on Thursday, February 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The firm earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Xylem had a return on equity of 16.64% and a net margin of 6.89%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. Equities research analysts predict that Xylem Inc. will post $2.29 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Thursday, February 16th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, February 14th. This is a boost from Xylem’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%. Xylem’s dividend payout ratio is 42.76%.
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XYL has been the subject of a number of recent research reports. Janney Montgomery Scott upgraded Xylem from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $52.00 in a research note on Wednesday, November 2nd. Stifel Nicolaus boosted their price objective on Xylem from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Wednesday, November 2nd. Northcoast Research initiated coverage on Xylem in a research note on Thursday, November 17th. They set a “buy” rating for the company. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $58.00 price objective (up from $55.00) on shares of Xylem in a research note on Monday, November 21st. Finally, Boenning Scattergood downgraded Xylem from an “outperform” rating to a “neutral” rating in a research note on Monday, November 28th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $51.00.
Xylem Company Profile
Xylem Inc is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company 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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