Broderick Brian C reduced its stake in shares of Xylem Inc. (NYSE:XYL) by 0.4% during the third quarter, Holdings Channel reports. The institutional investor owned 55,960 shares of the company’s stock after selling 225 shares during the period. Xylem accounts for 1.3% of Broderick Brian C’s portfolio, making the stock its 29th largest position. Broderick Brian C’s holdings in Xylem were worth $2,935,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. IFP Advisors Inc increased its stake in shares of Xylem by 113.6% in the second quarter. IFP Advisors Inc now owns 2,489 shares of the company’s stock valued at $111,000 after buying an additional 1,324 shares in the last quarter. Advisor Group Inc. boosted its stake in Xylem by 10.0% in the third quarter. Advisor Group Inc. now owns 2,493 shares of the company’s stock valued at $131,000 after buying an additional 227 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Xylem by 14.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,219 shares of the company’s stock valued at $169,000 after buying an additional 416 shares during the last quarter. MSI Financial Services Inc boosted its stake in Xylem by 7.4% in the third quarter. MSI Financial Services Inc now owns 3,523 shares of the company’s stock valued at $185,000 after buying an additional 244 shares during the last quarter. Finally, Global X Management Co. LLC boosted its stake in Xylem by 82.1% in the third quarter. Global X Management Co. LLC now owns 3,541 shares of the company’s stock valued at $186,000 after buying an additional 1,596 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.
Xylem Inc. (NYSE:XYL) opened at 47.88 on Monday. The company has a market cap of $8.59 billion, a PE ratio of 33.02 and a beta of 1.21. The stock has a 50 day moving average of $49.13 and a 200-day moving average of $50.06. Xylem Inc. has a 1-year low of $36.42 and a 1-year high of $54.99.
Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, February 2nd. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Xylem had a net margin of 6.89% and a return on equity of 16.64%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts predict that Xylem Inc. will post $2.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Thursday, February 16th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.50%. This is a positive change from Xylem’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, February 14th. Xylem’s dividend payout ratio (DPR) is 42.76%.
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Several equities research analysts recently weighed in on the stock. RBC Capital Markets reiterated an “outperform” rating and issued a $58.00 target price on shares of Xylem in a research note on Wednesday, December 28th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $56.00 target price (down previously from $58.00) on shares of Xylem in a research note on Wednesday, January 11th. Stifel Nicolaus increased their target price on shares of Xylem from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Wednesday, November 2nd. Zacks Investment Research upgraded shares of Xylem from a “sell” rating to a “hold” rating in a research note on Monday, February 6th. Finally, Boenning Scattergood upgraded shares of Xylem from a “neutral” rating to an “outperform” rating and set a $55.00 target price for the company in a research note on Friday, February 3rd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus 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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