Xylem Inc. (XYL) Holdings Held by Paradigm Financial Advisors LLC
Paradigm Financial Advisors LLC held its stake in shares of Xylem Inc. (NYSE:XYL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,000 shares of the industrial products company’s stock at the close of the 2nd quarter. Paradigm Financial Advisors LLC’s holdings in Xylem were worth $277,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in XYL. BlackRock Inc. lifted its stake in Xylem by 2,452.8% in the 1st quarter. BlackRock Inc. now owns 12,042,342 shares of the industrial products company’s stock worth $604,765,000 after acquiring an additional 11,570,613 shares in the last quarter. USS Investment Management Ltd purchased a new stake in Xylem in the 2nd quarter worth about $91,840,000. Janus Henderson Group PLC lifted its stake in Xylem by 404.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,853,943 shares of the industrial products company’s stock worth $102,758,000 after acquiring an additional 1,486,463 shares in the last quarter. Voya Investment Management LLC lifted its stake in Xylem by 554.0% in the 2nd quarter. Voya Investment Management LLC now owns 1,242,748 shares of the industrial products company’s stock worth $68,886,000 after acquiring an additional 1,052,719 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in Xylem in the 2nd quarter worth about $48,151,000. 86.08% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. Cowen and Company reissued an “outperform” rating and issued a $70.00 price objective (up from $60.00) on shares of Xylem in a research note on Wednesday, August 9th. Royal Bank Of Canada increased their price objective on Xylem from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. increased their price objective on Xylem from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Boenning Scattergood reissued an “outperform” rating on shares of Xylem in a research note on Tuesday, September 5th. Finally, Robert W. Baird reissued a “hold” rating and issued a $67.00 price objective on shares of Xylem in a research note on Wednesday, October 4th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $61.92.
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In other news, insider Kenneth Napolitano sold 9,052 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $60.16, for a total value of $544,568.32. Following the sale, the insider now directly owns 35,303 shares in the company, valued at $2,123,828.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.
Xylem Inc. (XYL) traded up 1.78% during midday trading on Monday, hitting $65.86. The stock had a trading volume of 555,308 shares. Xylem Inc. has a 52 week low of $45.60 and a 52 week high of $65.99. The firm has a market cap of $11.83 billion, a P/E ratio of 42.52 and a beta of 1.17. The stock has a 50-day moving average of $63.30 and a 200-day moving average of $56.45.
Xylem (NYSE:XYL) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Xylem had a return on equity of 17.26% and a net margin of 6.58%. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 earnings per share. Analysts forecast that Xylem Inc. will post $2.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Thursday, November 2nd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.11%. Xylem’s dividend payout ratio (DPR) is 46.45%.
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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