State of Alaska Department of Revenue Sells 6,170 Shares of Xylem Inc. (NYSE:XYL)

State of Alaska Department of Revenue cut its stake in Xylem Inc. (NYSE:XYL) by 12.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 44,842 shares of the industrial products company’s stock after selling 6,170 shares during the quarter. State of Alaska Department of Revenue’s holdings in Xylem were worth $5,794,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Albion Financial Group UT grew its position in shares of Xylem by 6.0% in the first quarter. Albion Financial Group UT now owns 13,247 shares of the industrial products company’s stock valued at $1,712,000 after purchasing an additional 753 shares in the last quarter. Tradewinds Capital Management LLC purchased a new position in shares of Xylem in the first quarter valued at $129,000. Azzad Asset Management Inc. ADV grew its position in shares of Xylem by 1.6% in the first quarter. Azzad Asset Management Inc. ADV now owns 19,348 shares of the industrial products company’s stock valued at $2,500,000 after purchasing an additional 313 shares in the last quarter. Silvia Mccoll Wealth Management LLC purchased a new position in shares of Xylem in the first quarter valued at $205,000. Finally, Chapin Davis Inc. purchased a new position in shares of Xylem in the first quarter valued at $213,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Citigroup boosted their target price on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. TD Cowen boosted their target price on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Robert W. Baird boosted their target price on Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Oppenheimer boosted their target price on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Finally, Mizuho boosted their target price on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.92.

Xylem Price Performance

XYL opened at $132.68 on Thursday. The stock has a 50-day moving average price of $138.85 and a 200-day moving average price of $127.47. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. 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 stock has a market capitalization of $32.17 billion, a P/E ratio of 47.22, a PEG ratio of 2.34 and a beta of 1.04.

Xylem (NYSE:XYL) last posted its quarterly earnings data 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. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the business earned $0.72 EPS. The company’s revenue for the quarter was up 40.4% compared to the same quarter last year. Equities analysts predict that Xylem Inc. will post 4.24 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Thursday, May 30th. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

Insider Activity

In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $138.63, for a total value of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Rodney Aulick sold 21,800 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $139.01, for a total value 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 currently owned by corporate insiders.

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.