Xylem Inc. (NYSE:XYL) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lowered its stake in Xylem Inc. (NYSE:XYL) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 502,229 shares of the industrial products company’s stock after selling 30,121 shares during the period. Gabelli Funds LLC’s holdings in Xylem were worth $68,117,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in Xylem by 68.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after buying an additional 77 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Xylem during the second quarter worth about $33,000. Blue Trust Inc. raised its holdings in Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 249 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in Xylem by 170.9% during the first 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 in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position in Xylem by 184.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of NYSE XYL opened at $134.81 on Friday. The company has a 50-day simple moving average of $133.68 and a 200-day simple moving average of $134.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. The company has a market cap of $32.68 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04. 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 Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.14 billion. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. On average, equities analysts anticipate that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Thursday, August 29th. Xylem’s payout ratio is 51.25%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. TD Cowen reissued a “hold” rating and set a $138.00 target price on shares of Xylem in a research note on Tuesday, September 3rd. Argus raised their target price on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Stifel Nicolaus boosted their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their price target on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Oppenheimer boosted their price objective on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.54.

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.