Carret Asset Management LLC Sells 85 Shares of Xylem Inc. (NYSE:XYL)

Carret Asset Management LLC decreased its holdings in shares of Xylem Inc. (NYSE:XYL) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,707 shares of the industrial products company’s stock after selling 85 shares during the period. Carret Asset Management LLC’s holdings in Xylem were worth $1,513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of XYL. Bruce G. Allen Investments LLC bought a new position in Xylem during the 4th quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new position in shares of Xylem during the 3rd quarter worth approximately $48,000. Spire Wealth Management grew its holdings in shares of 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 acquiring an additional 382 shares during the period. Advantage Trust Co purchased a new position in shares of Xylem during the 4th quarter worth approximately $57,000. Finally, Gradient Investments LLC grew its holdings in shares of Xylem by 28.6% during the 4th quarter. Gradient Investments LLC now owns 576 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 128 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

XYL has been the topic of a number of research analyst reports. BNP Paribas initiated coverage on Xylem in a report on Tuesday, March 12th. They set an “outperform” rating and a $150.00 target price on the stock. Mizuho upped their target price on Xylem from $110.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Royal Bank of Canada upped their price target on Xylem from $157.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Robert W. Baird upped their price target on Xylem from $151.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, Oppenheimer upped their price target on Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Xylem currently has an average rating of “Moderate Buy” and an average price target of $142.92.

Xylem Price Performance

Shares of Xylem stock opened at $132.68 on Thursday. Xylem Inc. has a one year low of $87.59 and a one year high of $146.08. The stock’s fifty day moving average is $138.85 and its 200 day moving average is $127.47. The stock has a market cap of $32.17 billion, a P/E ratio of 47.22, a P/E/G ratio of 2.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 1.67.

Xylem (NYSE:XYL) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $0.72 EPS. Xylem’s revenue for the quarter was up 40.4% compared to the same quarter last year. Sell-side analysts anticipate that Xylem Inc. will post 4.24 earnings per share for the current year.

Xylem Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders 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 payout ratio is presently 51.25%.

Insiders Place Their Bets

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 value of $315,799.14. Following the completion of the sale, 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 available at this link. In other news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 76,287 shares in the company, valued at $10,604,655.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Xylem Company 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.