Clarus Wealth Advisors purchased a new stake in shares of Xylem Inc (NYSE:XYL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,520 shares of the industrial products company’s stock, valued at approximately $240,000.
A number of other hedge funds also recently made changes to their positions in the stock. Parnassus Investments CA raised its position in Xylem by 0.8% during the fourth quarter. Parnassus Investments CA now owns 6,063,309 shares of the industrial products company’s stock valued at $413,518,000 after acquiring an additional 48,919 shares in the last quarter. Delaney Dennis R grew its holdings in Xylem by 79.2% in the fourth quarter. Delaney Dennis R now owns 12,639 shares of the industrial products company’s stock valued at $862,000 after purchasing an additional 5,587 shares during the period. Fayerweather Charles grew its holdings in Xylem by 16.1% in the fourth quarter. Fayerweather Charles now owns 10,266 shares of the industrial products company’s stock valued at $700,000 after purchasing an additional 1,425 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in Xylem by 3.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 34,699 shares of the industrial products company’s stock valued at $2,366,000 after purchasing an additional 1,143 shares during the period. Finally, Puzo Michael J grew its holdings in Xylem by 42.1% in the fourth quarter. Puzo Michael J now owns 41,770 shares of the industrial products company’s stock valued at $2,849,000 after purchasing an additional 12,375 shares during the period. Institutional investors own 85.49% of the company’s stock.
Several analysts have commented on XYL shares. Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $63.00 price objective on shares of Xylem in a report on Friday, October 13th. Royal Bank of Canada reissued a “buy” rating and issued a $80.00 price objective on shares of Xylem in a report on Thursday, January 4th. Canaccord Genuity reissued a “hold” rating and issued a $65.00 price objective on shares of Xylem in a report on Monday, December 11th. Finally, Oppenheimer raised their price objective on Xylem from $66.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $70.00.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.76. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The business’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. research analysts predict that Xylem Inc will post 2.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, February 14th. This is a positive change from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.17%. Xylem’s payout ratio is currently 39.34%.
In other news, Director Steven R. Loranger sold 47,712 shares of Xylem stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $68.10, for a total value of $3,249,187.20. Following the sale, the director now directly owns 68,843 shares of the company’s stock, valued at $4,688,208.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tomas Brannemo sold 2,260 shares of Xylem stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $67.75, for a total value of $153,115.00. Following the completion of the sale, the insider now directly owns 10,975 shares in the company, valued at $743,556.25. The disclosure for this sale can be found here. Insiders sold 67,507 shares of company stock worth $4,596,445 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.
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Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It 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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