Clarus Wealth Advisors Takes $240,000 Position in Xylem Inc (XYL)

Clarus Wealth Advisors purchased a new stake in shares of Xylem Inc (NYSE:XYL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,520 shares of the industrial products company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. increased its holdings in Xylem by 0.9% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 197,184 shares of the industrial products company’s stock worth $12,349,000 after buying an additional 1,670 shares during the period. Highbridge Capital Management LLC acquired a new stake in shares of Xylem during the 3rd quarter worth approximately $254,000. Patten Group Inc. grew its stake in shares of Xylem by 295.6% during the 3rd quarter. Patten Group Inc. now owns 127,490 shares of the industrial products company’s stock worth $2,009,000 after purchasing an additional 95,259 shares during the period. Swiss National Bank grew its stake in shares of Xylem by 1.2% during the 3rd quarter. Swiss National Bank now owns 661,922 shares of the industrial products company’s stock worth $41,456,000 after purchasing an additional 8,100 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Xylem during the 3rd quarter worth approximately $1,509,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Shares of Xylem Inc (XYL) traded up $0.24 during trading hours on Thursday, hitting $73.55. The company had a trading volume of 284,201 shares, compared to its average volume of 1,095,419. The company has a quick ratio of 1.41, a current ratio of 1.88 and a debt-to-equity ratio of 0.87. The firm has a market cap of $13,069.49, a P/E ratio of 40.08, a price-to-earnings-growth ratio of 1.39 and a beta of 1.20. Xylem Inc has a 1 year low of $46.95 and a 1 year high of $76.81.

Xylem (NYSE:XYL) last issued its quarterly earnings data 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 during 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 company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned $0.66 EPS. sell-side analysts expect that Xylem Inc will post 2.91 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be given a $0.21 dividend. This is an increase from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, February 14th. Xylem’s payout ratio is currently 39.13%.

A number of brokerages have recently commented on XYL. Zacks Investment Research cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets reiterated a “buy” rating and set a $86.00 target price on shares of Xylem in a research report on Friday, February 2nd. Seaport Global Securities reiterated a “buy” rating and set a $83.00 target price on shares of Xylem in a research report on Friday, February 2nd. Oppenheimer increased their target price on Xylem to $82.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Canaccord Genuity restated a “hold” rating and issued a $75.00 price objective on shares of Xylem in a report on Sunday, January 28th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $70.08.

In other news, Director Steven R. Loranger sold 47,712 shares of Xylem stock in a transaction dated 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 completion of the transaction, the director now owns 68,843 shares in the company, valued at approximately $4,688,208.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Curtis J. Crawford sold 7,948 shares of Xylem stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $71.77, for a total value of $570,427.96. Following the completion of the transaction, the director now owns 55,245 shares of the company’s stock, valued at approximately $3,964,933.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,455 shares of company stock valued at $5,166,873. 0.75% of the stock is currently owned by corporate insiders.

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Xylem Company Profile

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.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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