Park Avenue Securities LLC Buys 231 Shares of Xylem Inc. (NYSE:XYL)

Park Avenue Securities LLC grew its stake in Xylem Inc. (NYSE:XYL) by 8.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,114 shares of the industrial products company’s stock after purchasing an additional 231 shares during the quarter. Park Avenue Securities LLC’s holdings in Xylem were worth $402,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of XYL. Bruce G. Allen Investments LLC acquired a new stake in Xylem during the fourth quarter worth approximately $27,000. Spire Wealth Management lifted its holdings in Xylem by 370.9% during the 4th quarter. Spire Wealth Management now owns 485 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 382 shares during the last quarter. Advantage Trust Co bought a new stake in Xylem in the 4th quarter valued at $57,000. Orion Capital Management LLC acquired a new position in Xylem in the 3rd quarter valued at $48,000. Finally, Tompkins Financial Corp increased its position in Xylem by 26.9% during the 1st quarter. Tompkins Financial Corp now owns 533 shares of the industrial products company’s stock worth $69,000 after buying an additional 113 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the sale, the senior vice president now owns 76,287 shares in the company, valued at approximately $10,604,655.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were 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 of the company’s stock, valued at $490,195.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rodney Aulick sold 21,800 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $139.01, for a total transaction of $3,030,418.00. Following the completion of the sale, 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 owned by corporate insiders.

Xylem Stock Performance

NYSE:XYL opened at $135.63 on Friday. 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 firm has a market capitalization of $32.88 billion, a PE ratio of 48.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The stock’s 50-day simple moving average is $138.73 and its 200 day simple moving average is $127.01.

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

Xylem Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.06%. Xylem’s dividend payout ratio (DPR) 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.