Interchange Capital Partners LLC Invests $300,000 in Xylem Inc. (NYSE:XYL)

Interchange Capital Partners LLC purchased a new position in shares of Xylem Inc. (NYSE:XYL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,212 shares of the industrial products company’s stock, valued at approximately $300,000.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 77 shares during the last quarter. Blue Trust Inc. lifted its holdings in Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 249 shares during the last quarter. FinTrust Capital Advisors LLC lifted its holdings in Xylem by 170.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 200 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Xylem by 184.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 220 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Xylem by 96.9% in the 2nd quarter. UMB Bank n.a. now owns 382 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 188 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the sale, the chief accounting officer now owns 3,536 shares in the company, valued at approximately $490,195.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $138.63, for a total transaction of $315,799.14. Following the sale, the chief accounting officer now owns 3,536 shares in the company, valued at approximately $490,195.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total value of $3,030,418.00. Following the sale, the senior vice president now owns 76,287 shares in the company, 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.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Argus lifted their price objective on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Stifel Nicolaus lifted their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Oppenheimer lifted their price objective on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. UBS Group assumed coverage on Xylem in a report on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective for the company. Finally, Robert W. Baird lifted their price objective on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.54.

Xylem Price Performance

Xylem stock opened at $137.53 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The stock has a market capitalization of $33.40 billion, a P/E ratio of 48.94, a price-to-earnings-growth ratio of 2.42 and a beta of 1.04. The stock has a fifty day moving average of $134.76 and a 200-day moving average of $133.61.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. Xylem’s revenue was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 EPS. On average, sell-side analysts expect that Xylem Inc. will post 4.25 earnings per share for the current fiscal year.

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.05%. Xylem’s dividend payout ratio is currently 51.25%.

Xylem Company 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.