Virtus Fund Advisers LLC cut its stake in shares of Xylem Inc (NYSE:XYL) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 690,853 shares of the industrial products company’s stock after selling 93,403 shares during the period. Virtus Fund Advisers LLC owned 0.38% of Xylem worth $47,117,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Greenleaf Trust increased its stake in Xylem by 97.4% in the fourth quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 735 shares during the last quarter. Invictus RG acquired a new stake in Xylem in the third quarter valued at approximately $104,000. Hanson & Doremus Investment Management acquired a new stake in Xylem in the fourth quarter valued at approximately $126,000. FNY Partners Fund LP boosted its position in Xylem by 2,700.0% in the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after buying an additional 2,700 shares in the last quarter. Finally, UMB Bank N A MO acquired a new stake in Xylem in the fourth quarter valued at approximately $205,000. 85.46% of the stock is currently owned by institutional investors.
Shares of Xylem Inc (NYSE:XYL) opened at $77.98 on Wednesday. The company has a market cap of $13,780.00, a P/E ratio of 37.49, a P/E/G ratio of 1.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.41 and a current ratio of 1.88. Xylem Inc has a 52 week low of $47.73 and a 52 week high of $79.67.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be issued a $0.21 dividend. This is a positive change from Xylem’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.08%. Xylem’s dividend payout ratio is presently 40.38%.
In related news, insider Tomas Brannemo sold 11,716 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of $73.45, for a total transaction of $860,540.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven R. Loranger sold 47,712 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $68.10, for a total transaction of $3,249,187.20. Following the transaction, the director now directly owns 68,843 shares in the company, valued at approximately $4,688,208.30. The disclosure for this sale can be found here. Insiders sold a total of 88,216 shares of company stock worth $6,110,375 in the last three months. Insiders own 0.75% of the company’s stock.
A number of equities analysts have recently commented on XYL shares. Zacks Investment Research downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Canaccord Genuity reaffirmed a “hold” rating and issued a $65.00 price target on shares of Xylem in a research note on Monday, December 11th. Boenning Scattergood reaffirmed a “buy” rating on shares of Xylem in a research note on Friday, December 15th. Royal Bank of Canada reissued a “buy” rating and set a $80.00 target price on shares of Xylem in a research report on Thursday, January 4th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $72.42.
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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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