Salem Investment Counselors Inc. Increases Position in Xylem Inc. (NYSE:XYL)

Salem Investment Counselors Inc. increased its stake in Xylem Inc. (NYSE:XYL) by 25.8% in the first quarter, HoldingsChannel.com reports. The firm owned 731 shares of the industrial products company’s stock after acquiring an additional 150 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Xylem were worth $94,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new stake in shares of Xylem during the 4th quarter worth about $27,000. Orion Capital Management LLC acquired a new stake in shares of Xylem in the third quarter worth approximately $48,000. Spire Wealth Management boosted its position in shares of Xylem by 370.9% in the fourth quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 382 shares during the last quarter. Advantage Trust Co acquired a new stake in shares of Xylem in the fourth quarter worth approximately $57,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of Xylem by 117.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 716 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Down 0.4 %

Shares of NYSE:XYL opened at $138.67 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $137.79 and a 200 day simple moving average of $126.10. The firm has a market cap of $33.62 billion, a PE ratio of 49.35, a price-to-earnings-growth ratio of 2.46 and a beta of 1.07. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The business’s revenue was up 40.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, equities research analysts anticipate that Xylem Inc. will post 4.25 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.44 annualized dividend and a yield of 1.04%. Xylem’s payout ratio is 51.25%.

Insider Buying and Selling at Xylem

In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares in the company, valued at $490,195.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $138.63, for a total transaction of $315,799.14. Following the completion of the transaction, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at $490,195.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the transaction, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Argus raised their target price on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Royal Bank of Canada lifted their price target on shares of Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Mizuho lifted their price target on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Robert W. Baird lifted their price target on shares of Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Citigroup lifted their price target on shares of Xylem from $126.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.92.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.