Xylem Inc (XYL) Shares Bought by Sei Investments Co.
Sei Investments Co. increased its stake in shares of Xylem Inc (NYSE:XYL) by 25.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,427 shares of the industrial products company’s stock after buying an additional 12,342 shares during the period. Sei Investments Co.’s holdings in Xylem were worth $4,190,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Parnassus Investments CA increased its holdings 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 worth $413,518,000 after buying an additional 48,919 shares during the last quarter. Impax Asset Management LTD increased its holdings in Xylem by 0.6% during the third quarter. Impax Asset Management LTD now owns 3,106,646 shares of the industrial products company’s stock worth $194,569,000 after buying an additional 18,698 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Xylem by 31.6% during the third quarter. Bank of New York Mellon Corp now owns 2,027,810 shares of the industrial products company’s stock worth $127,002,000 after buying an additional 487,360 shares during the last quarter. USS Investment Management Ltd increased its holdings in Xylem by 4.2% during the third quarter. USS Investment Management Ltd now owns 1,726,887 shares of the industrial products company’s stock worth $108,146,000 after buying an additional 69,877 shares during the last quarter. Finally, TD Asset Management Inc. increased its holdings in Xylem by 47.7% during the third quarter. TD Asset Management Inc. now owns 1,222,128 shares of the industrial products company’s stock worth $76,542,000 after buying an additional 394,814 shares during the last quarter. Institutional investors and hedge funds own 85.14% of the company’s stock.
A number of analysts recently issued reports on the stock. Oppenheimer raised their price objective on shares of Xylem to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. BMO Capital Markets restated a “buy” rating and set a $86.00 price objective on shares of Xylem in a report on Friday, February 2nd. Seaport Global Securities restated a “buy” rating and set a $83.00 price objective on shares of Xylem in a report on Friday, February 2nd. Canaccord Genuity reiterated a “hold” rating and issued a $75.00 target price on shares of Xylem in a research note on Sunday, January 28th. Finally, ValuEngine upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $70.08.
Xylem Inc (NYSE XYL) opened at $73.51 on Monday. The firm has a market cap of $13,220.00, a PE ratio of 35.34, a PEG ratio of 1.40 and a beta of 1.12. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.88 and a quick ratio of 1.41. Xylem Inc has a 12 month low of $47.37 and a 12 month high of $76.81.
Xylem (NYSE:XYL) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share. equities research analysts expect that Xylem Inc will post 2.91 EPS for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date is Wednesday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.14%. This is a boost from Xylem’s previous quarterly dividend of $0.18. Xylem’s payout ratio is currently 40.38%.
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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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