Virtus Fund Advisers LLC lowered its stake in Xylem Inc (NYSE:XYL) by 11.9% during the fourth quarter, HoldingsChannel reports. The firm owned 690,853 shares of the industrial products company’s stock after selling 93,403 shares during the quarter. Virtus Fund Advisers LLC’s holdings in Xylem were worth $47,117,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Greenleaf Trust raised its position in Xylem by 97.4% in the 4th quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 735 shares in the last quarter. Invictus RG acquired a new stake in Xylem in the 3rd quarter valued at about $104,000. Hanson & Doremus Investment Management acquired a new stake in Xylem in the 4th quarter valued at about $126,000. FNY Partners Fund LP raised its position in shares of Xylem by 2,700.0% during the 3rd quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 2,700 shares in the last quarter. Finally, UMB Bank N A MO acquired a new stake in shares of Xylem during the 4th quarter worth about $205,000. 85.14% of the stock is currently owned by institutional investors.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. BMO Capital Markets reissued a “buy” rating and set a $83.00 target price on shares of Xylem in a research report on Friday, January 26th. Seaport Global Securities reissued a “buy” rating and set a $83.00 target price on shares of Xylem in a research report on Friday, February 2nd. Canaccord Genuity reissued a “hold” rating and set a $75.00 target price on shares of Xylem in a research report on Sunday, January 28th. Finally, Oppenheimer raised their target price on Xylem to $82.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $70.08.
Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Xylem had a return on equity of 17.95% and a net margin of 7.03%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. analysts expect that Xylem Inc will post 2.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Wednesday, February 14th. This is an increase from Xylem’s previous quarterly dividend of $0.18. Xylem’s dividend payout ratio (DPR) is currently 45.65%.
In related news, Director Curtis J. Crawford sold 7,948 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $71.77, for a total transaction of $570,427.96. Following the transaction, the director now owns 55,245 shares in the company, valued at approximately $3,964,933.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven R. Loranger sold 17,139 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $68.10, for a total value of $1,167,165.90. Following the transaction, the director now owns 26,150 shares in the company, valued at approximately $1,780,815. The disclosure for this sale can be found here. Insiders have sold a total of 75,455 shares of company stock worth $5,166,873 in the last 90 days. 0.75% of the stock is currently owned by company insiders.
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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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