International Assets Investment Management LLC Takes Position in Xylem Inc. (NYSE:XYL)

International Assets Investment Management LLC bought a new position in Xylem Inc. (NYSE:XYL) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 555 shares of the industrial products company’s stock, valued at approximately $75,000.

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

Xylem Stock Performance

Xylem stock opened at $130.71 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $134.62 and a 200-day moving average of $133.75. The stock has a market cap of $31.69 billion, a P/E ratio of 46.52, a price-to-earnings-growth ratio of 2.42 and a beta of 1.04. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08.

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

Xylem Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s payout ratio is currently 51.25%.

Insiders Place Their Bets

In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the business’s stock in a transaction that occurred on 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 directly owns 3,536 shares in the company, valued at approximately $490,195.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on XYL shares. Stifel Nicolaus lifted their target price on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada boosted their price objective on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Argus increased their target price on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. TD Cowen reissued a “hold” rating and set a $138.00 price target on shares of Xylem in a research report on Tuesday. Finally, Oppenheimer increased their price objective on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.54.

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.