Xylem Inc. (NYSE:XYL) Shares Sold by ELCO Management Co. LLC

ELCO Management Co. LLC decreased its stake in shares of Xylem Inc. (NYSE:XYL) by 12.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,742 shares of the industrial products company’s stock after selling 804 shares during the period. ELCO Management Co. LLC’s holdings in Xylem were worth $779,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Xylem by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after acquiring an additional 187,847 shares during the period. Swedbank AB raised its stake in shares of Xylem by 1.0% in the 2nd quarter. Swedbank AB now owns 2,436,974 shares of the industrial products company’s stock worth $330,527,000 after buying an additional 25,308 shares in the last quarter. Mirova US LLC lifted its holdings in shares of Xylem by 2.0% in the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock valued at $254,526,000 after buying an additional 36,013 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Xylem by 2.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock valued at $227,364,000 after buying an additional 36,601 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Xylem by 1,503.7% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after acquiring an additional 1,547,043 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on XYL shares. Robert W. Baird raised their price objective on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Argus lifted their price target 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 increased their price objective on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. TD Cowen restated a “hold” rating and issued a $138.00 target price on shares of Xylem in a report on Tuesday, September 3rd. Finally, UBS Group began coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and an average price target of $147.54.

Xylem Trading Down 1.1 %

Xylem stock opened at $133.06 on Wednesday. Xylem Inc. has a 12 month low of $87.59 and a 12 month high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The stock has a market cap of $32.32 billion, a P/E ratio of 47.35, a P/E/G ratio of 2.37 and a beta of 1.04. The company’s fifty day simple moving average is $133.46 and its 200-day simple moving average is $134.34.

Xylem (NYSE:XYL) last issued its earnings results 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 for the quarter, compared to analyst estimates of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business’s revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. As a group, sell-side analysts forecast that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.08%. The ex-dividend date is Thursday, August 29th. Xylem’s dividend payout ratio is 51.25%.

About Xylem

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.