Tredje AP fonden lessened its stake in shares of Xylem Inc. (NYSE:XYL – Free Report) by 1.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 48,959 shares of the industrial products company’s stock after selling 760 shares during the quarter. Tredje AP fonden’s holdings in Xylem were worth $6,640,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Xylem by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after acquiring an additional 187,847 shares during the last quarter. Swedbank AB grew its position in shares of Xylem by 1.0% in the second quarter. Swedbank AB now owns 2,436,974 shares of the industrial products company’s stock valued at $330,527,000 after purchasing an additional 25,308 shares during the last quarter. Mirova US LLC increased its stake in shares of Xylem by 2.0% during the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after purchasing an additional 36,013 shares during the period. Norges Bank bought a new position in shares of Xylem during the fourth quarter worth approximately $198,207,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Xylem by 2.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock worth $227,364,000 after purchasing an additional 36,601 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.
Xylem Stock Performance
NYSE XYL opened at $132.86 on Thursday. The firm’s 50 day simple moving average is $133.85 and its 200 day simple moving average is $134.08. The firm has a market capitalization of $32.27 billion, a price-to-earnings ratio of 47.28, a P/E/G ratio of 2.34 and a beta of 1.04. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $146.08.
Xylem Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s dividend payout ratio is presently 51.25%.
Analysts Set New Price Targets
A number of brokerages have commented on XYL. Stifel Nicolaus upped their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. TD Cowen restated a “hold” rating and issued a $138.00 price target on shares of Xylem in a research note on Tuesday, September 3rd. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Oppenheimer boosted their price objective on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Finally, Argus raised their target price on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $147.54.
Read Our Latest Analysis on XYL
Xylem Company Profile
Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.
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