Covestor Ltd Sells 201 Shares of Xylem Inc. (NYSE:XYL)

Covestor Ltd lowered its holdings in shares of Xylem Inc. (NYSE:XYL) by 29.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 481 shares of the industrial products company’s stock after selling 201 shares during the period. Covestor Ltd’s holdings in Xylem were worth $62,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of XYL. Vanguard Group Inc. lifted its stake 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 in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Xylem by 2.3% during the fourth quarter. Baillie Gifford & Co. now owns 3,066,639 shares of the industrial products company’s stock valued at $350,701,000 after purchasing an additional 69,619 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Xylem by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,527,487 shares of the industrial products company’s stock valued at $289,043,000 after purchasing an additional 16,713 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Xylem by 5.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,739,221 shares of the industrial products company’s stock valued at $197,800,000 after purchasing an additional 85,438 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Xylem during the fourth quarter valued at approximately $198,207,000. Institutional investors own 87.96% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on XYL shares. Mizuho boosted their price objective on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. TD Cowen boosted their price objective on shares of Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Stifel Nicolaus boosted their price objective on shares of Xylem from $157.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Argus upped their target price on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Robert W. Baird upped their target price on shares of Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $144.58.

Xylem Price Performance

XYL stock opened at $136.69 on Thursday. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. 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 fifty day simple moving average of $138.71 and a two-hundred day simple moving average of $130.03. The firm has a market capitalization of $33.14 billion, a P/E ratio of 48.64, a price-to-earnings-growth ratio of 2.50 and a beta of 1.04.

Xylem (NYSE:XYL) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. Xylem had a net margin of 8.34% and a return on equity of 8.95%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the business earned $0.72 earnings per share. Xylem’s quarterly revenue was up 40.4% compared to the same quarter last year. Analysts anticipate that Xylem Inc. will post 4.22 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, May 30th. Xylem’s dividend payout ratio is presently 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.