Albion Financial Group UT Purchases 753 Shares of Xylem Inc. (NYSE:XYL)

Albion Financial Group UT boosted its position in Xylem Inc. (NYSE:XYL) by 6.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,247 shares of the industrial products company’s stock after purchasing an additional 753 shares during the quarter. Albion Financial Group UT’s holdings in Xylem were worth $1,712,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of XYL. Tradewinds Capital Management LLC acquired a new position in shares of Xylem during the 1st quarter worth $129,000. Azzad Asset Management Inc. ADV increased its holdings in Xylem by 1.6% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 19,348 shares of the industrial products company’s stock worth $2,500,000 after purchasing an additional 313 shares in the last quarter. Silvia Mccoll Wealth Management LLC acquired a new position in Xylem in the 1st quarter worth about $205,000. Chapin Davis Inc. acquired a new position in Xylem in the 1st quarter worth about $213,000. Finally, LVW Advisors LLC increased its holdings in Xylem by 6.5% in the 1st quarter. LVW Advisors LLC now owns 4,390 shares of the industrial products company’s stock worth $567,000 after purchasing an additional 269 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Xylem Stock Up 0.3 %

NYSE:XYL traded up $0.44 on Wednesday, hitting $132.71. The stock had a trading volume of 858,241 shares, compared to its average volume of 1,221,029. The business’s fifty day moving average is $138.81 and its 200 day moving average is $127.43. The company has a market cap of $32.18 billion, a PE ratio of 47.02, a P/E/G ratio of 2.40 and a beta of 1.04. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. 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 results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.06. The business had revenue of $2.03 billion for 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 company’s quarterly revenue was up 40.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, equities research analysts expect that Xylem Inc. will post 4.24 EPS for the current fiscal year.

Xylem Dividend Announcement

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

Insider Activity

In other news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was 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 in the company, valued at $10,604,655.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 3,536 shares of the company’s stock, valued at $490,195.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Rodney Aulick sold 21,800 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 76,287 shares of the company’s stock, valued at $10,604,655.87. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the subject of a number of recent research reports. Royal Bank of Canada upped their target price on Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Oppenheimer increased their price target on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Argus increased their price target on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Mizuho increased their price target on Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Finally, TD Cowen increased their price target on Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Xylem currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.92.

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.