Radnor Capital Management LLC Reduces Position in Xylem Inc. (NYSE:XYL)

Radnor Capital Management LLC decreased its position in shares of Xylem Inc. (NYSE:XYL) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,700 shares of the industrial products company’s stock after selling 400 shares during the quarter. Radnor Capital Management LLC’s holdings in Xylem were worth $866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kestra Advisory Services LLC raised its holdings in Xylem by 14.4% during the third quarter. Kestra Advisory Services LLC now owns 7,526 shares of the industrial products company’s stock worth $685,000 after purchasing an additional 949 shares in the last quarter. Rafferty Asset Management LLC lifted its position in Xylem by 11.1% during the third quarter. Rafferty Asset Management LLC now owns 19,151 shares of the industrial products company’s stock worth $1,743,000 after buying an additional 1,915 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Xylem in the third quarter worth approximately $675,000. Envestnet Asset Management Inc. grew its position in Xylem by 2.1% during the third quarter. Envestnet Asset Management Inc. now owns 219,599 shares of the industrial products company’s stock valued at $19,990,000 after acquiring an additional 4,562 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Xylem by 11.6% in the third quarter. Nordea Investment Management AB now owns 20,650 shares of the industrial products company’s stock valued at $1,887,000 after buying an additional 2,152 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Xylem news, CAO Geri-Michelle Mcshane sold 2,278 shares of the stock in a transaction 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 transaction, 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 filing with the SEC, which is available through the SEC website. In other news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 76,287 shares of the company’s stock, valued at approximately $10,604,655.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $315,799.14. Following the completion of the sale, the chief accounting officer now owns 3,536 shares of the company’s stock, valued at approximately $490,195.68. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

XYL has been the topic of a number of recent research reports. Robert W. Baird boosted their target price on shares of Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Royal Bank of Canada raised their target price on shares of Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Argus lifted their price objective on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Citigroup increased their price target on Xylem from $126.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Mizuho raised their price objective on shares of Xylem from $110.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.92.

Xylem Stock Performance

NYSE XYL opened at $138.67 on Monday. The firm’s 50 day simple moving average is $137.79 and its 200 day simple moving average is $126.10. The firm has a market capitalization of $33.62 billion, a price-to-earnings ratio of 49.35, a P/E/G ratio of 2.46 and a beta of 1.07. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $146.08. The company has a current ratio of 1.67, a quick ratio of 1.22 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. Xylem had a return on equity of 8.95% and a net margin of 8.34%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the business posted $0.72 earnings per share. The business’s quarterly revenue was up 40.4% compared to the same quarter last year. As a group, research analysts expect that Xylem Inc. will post 4.25 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a $0.36 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.04%. Xylem’s dividend payout ratio is presently 51.25%.

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.