Mariner Wealth Advisors LLC Acquires 21,722 Shares of Xylem Inc (XYL)

Mariner Wealth Advisors LLC boosted its holdings in Xylem Inc (NYSE:XYL) by 512.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,962 shares of the industrial products company’s stock after purchasing an additional 21,722 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Xylem were worth $1,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in XYL. Greenleaf Trust grew its holdings in Xylem by 97.4% in the fourth quarter. Greenleaf Trust now owns 1,490 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 735 shares during the period. Invictus RG purchased a new stake in Xylem in the third quarter worth about $104,000. Hanson & Doremus Investment Management purchased a new stake in Xylem in the fourth quarter worth about $126,000. FNY Partners Fund LP grew its holdings 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 worth $175,000 after purchasing an additional 2,700 shares during the period. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in Xylem in the third quarter worth about $205,000. Institutional investors and hedge funds own 85.14% of the company’s stock.

A number of brokerages have weighed in on XYL. Zacks Investment Research cut shares of Xylem from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. BMO Capital Markets restated a “buy” rating and issued a $86.00 price objective on shares of Xylem in a report on Friday, February 2nd. Seaport Global Securities restated a “buy” rating and issued a $83.00 price objective on shares of Xylem in a report on Friday, February 2nd. Canaccord Genuity restated a “hold” rating and issued a $75.00 price objective on shares of Xylem in a report on Sunday, January 28th. Finally, Oppenheimer upped their price objective on shares of Xylem to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Xylem currently has an average rating of “Buy” and an average price target of $70.08.

In related news, insider Tomas Brannemo sold 2,260 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $67.75, for a total transaction of $153,115.00. Following the transaction, the insider now owns 10,975 shares in the company, valued at $743,556.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Curtis J. Crawford sold 7,948 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $71.77, for a total transaction of $570,427.96. Following the transaction, the director now owns 55,245 shares in the company, valued at approximately $3,964,933.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,455 shares of company stock worth $5,166,873. Insiders own 0.75% of the company’s stock.

Xylem Inc (XYL) opened at $74.73 on Wednesday. The stock has a market cap of $13,420.00, a P/E ratio of 40.84, a PEG ratio of 1.44 and a beta of 1.20. Xylem Inc has a 52 week low of $46.95 and a 52 week high of $76.81. The company has a quick ratio of 1.41, a current ratio of 1.88 and a debt-to-equity ratio of 0.87.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. The firm had revenue of $1.28 billion for 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 business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. research analysts forecast 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. Stockholders of record on Thursday, February 15th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, February 14th. This is an increase from Xylem’s previous quarterly dividend of $0.18. Xylem’s dividend payout ratio is currently 45.90%.

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Xylem 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.

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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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