Dash Acquisitions Inc. Trims Stock Holdings in Xylem Inc. (NYSE:XYL)

Dash Acquisitions Inc. trimmed its holdings in Xylem Inc. (NYSE:XYL) by 8.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,012 shares of the industrial products company’s stock after selling 195 shares during the period. Dash Acquisitions Inc.’s holdings in Xylem were worth $254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Xylem by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after buying an additional 187,847 shares during the period. Morgan Stanley grew its stake in Xylem by 11.5% in the third quarter. Morgan Stanley now owns 4,528,905 shares of the industrial products company’s stock worth $412,267,000 after purchasing an additional 466,911 shares in the last quarter. Royal Bank of Canada grew its stake in Xylem by 10.6% in the third quarter. Royal Bank of Canada now owns 3,408,200 shares of the industrial products company’s stock worth $310,249,000 after purchasing an additional 327,383 shares in the last quarter. Baillie Gifford & Co. grew its stake in Xylem by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 3,066,639 shares of the industrial products company’s stock worth $350,701,000 after purchasing an additional 69,619 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Xylem by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,527,487 shares of the industrial products company’s stock worth $289,043,000 after purchasing an additional 16,713 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. TD Cowen increased their price objective on Xylem from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Royal Bank of Canada increased their target price on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. BNP Paribas started coverage on Xylem in a research report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price on the stock. Mizuho increased their target price on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Oppenheimer increased their target price on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Five investment 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, Xylem presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.92.

Insider Buying and Selling

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

Xylem Stock Up 0.6 %

Shares of Xylem stock traded up $0.74 during trading on Tuesday, reaching $132.27. The company’s stock had a trading volume of 897,218 shares, compared to its average volume of 1,223,909. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The company has a market cap of $32.07 billion, a price-to-earnings ratio of 46.81, a P/E/G ratio of 2.40 and a beta of 1.04. Xylem Inc. has a 1-year low of $87.59 and a 1-year high of $146.08. The company has a 50-day simple moving average of $138.78 and a two-hundred day simple moving average of $127.28.

Xylem (NYSE:XYL) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The firm’s quarterly revenue was up 40.4% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. As a group, equities analysts forecast that Xylem Inc. will post 4.25 earnings per share for the current year.

Xylem Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.09%. Xylem’s dividend payout ratio (DPR) is 51.25%.

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.