Guggenheim Capital LLC trimmed its position in Xylem Inc (NYSE:XYL) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,032,707 shares of the industrial products company’s stock after selling 203,337 shares during the period. Guggenheim Capital LLC owned about 0.58% of Xylem worth $70,430,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Baker Avenue Asset Management LP lifted its holdings in Xylem by 6.0% in the 4th quarter. Baker Avenue Asset Management LP now owns 18,790 shares of the industrial products company’s stock valued at $1,281,000 after purchasing an additional 1,058 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in Xylem by 20.0% in the 4th quarter. Wolverine Asset Management LLC now owns 30,000 shares of the industrial products company’s stock valued at $2,046,000 after purchasing an additional 5,000 shares in the last quarter. Jefferies Group LLC lifted its holdings in shares of Xylem by 339.8% during the 4th quarter. Jefferies Group LLC now owns 32,067 shares of the industrial products company’s stock worth $2,187,000 after acquiring an additional 24,776 shares during the period. Granite Springs Asset Management LLC purchased a new position in shares of Xylem during the 4th quarter worth about $756,000. Finally, JOYN Advisors Inc. purchased a new position in shares of Xylem during the 4th quarter worth about $205,000. Institutional investors own 85.46% of the company’s stock.
In related news, insider Tomas Brannemo sold 2,260 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $67.75, for a total transaction of $153,115.00. Following the transaction, the insider now directly owns 10,975 shares in the company, valued at $743,556.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven R. Loranger sold 47,712 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 68,843 shares in the company, valued at $4,688,208.30. The disclosure for this sale can be found here. Insiders have sold 88,416 shares of company stock worth $6,123,979 over the last 90 days. 0.75% of the stock is currently owned by company insiders.
Shares of Xylem Inc (NYSE XYL) opened at $79.48 on Monday. Xylem Inc has a 1 year low of $47.73 and a 1 year high of $79.52. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.88 and a quick ratio of 1.41. The stock has a market cap of $14,297.90, a P/E ratio of 33.26, a price-to-earnings-growth ratio of 1.53 and a beta of 1.12.
Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Xylem had a net margin of 7.03% and a return on equity of 17.95%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company earned $0.66 earnings per share. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. equities research analysts forecast that Xylem Inc will post 2.92 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 of this dividend is Wednesday, February 14th. This is a boost from Xylem’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 1.06%. Xylem’s dividend payout ratio (DPR) is 45.65%.
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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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