Mutual of America Capital Management LLC Has $4.15 Million Stock Position in Xylem Inc. (NYSE:XYL)

Mutual of America Capital Management LLC lowered its stake in Xylem Inc. (NYSE:XYL) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,586 shares of the industrial products company’s stock after selling 1,032 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Xylem were worth $4,148,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in XYL. EverSource Wealth Advisors LLC lifted its stake 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 valued at $25,000 after purchasing an additional 77 shares during the period. Blue Trust Inc. raised its stake 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 buying an additional 249 shares during the period. FinTrust Capital Advisors LLC raised its stake 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 buying an additional 200 shares during the period. Hazlett Burt & Watson Inc. raised its stake in Xylem by 184.9% during the 1st 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, Redwood Wealth Management Group LLC acquired a new stake in Xylem during the 2nd quarter worth $47,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

Shares of NYSE XYL opened at $134.81 on Monday. The stock has a market capitalization of $32.68 billion, a price-to-earnings ratio of 47.98, a PEG ratio of 2.34 and a beta of 1.04. The business has a 50-day moving average of $133.68 and a 200-day moving average of $134.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two 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, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the company earned $0.98 EPS. Xylem’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, sell-side analysts predict that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Announces Dividend

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

Wall Street Analysts Forecast Growth

XYL has been the topic of several research analyst reports. UBS Group initiated coverage on Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective on the stock. Oppenheimer raised their price objective on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. TD Cowen reissued a “hold” rating and issued a $138.00 price target on shares of Xylem in a research note on Tuesday, September 3rd. Robert W. Baird lifted their price target on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada lifted their price target on Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.