State of Alaska Department of Revenue Sells 6,170 Shares of Xylem Inc. (NYSE:XYL)

State of Alaska Department of Revenue reduced its holdings in shares of Xylem Inc. (NYSE:XYL) by 12.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,842 shares of the industrial products company’s stock after selling 6,170 shares during the quarter. State of Alaska Department of Revenue’s holdings in Xylem were worth $5,794,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS grew its stake in shares of Xylem by 9.0% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 109,882 shares of the industrial products company’s stock worth $12,566,000 after acquiring an additional 9,114 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Xylem by 1,503.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock worth $188,685,000 after acquiring an additional 1,547,043 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Xylem by 10,296.7% during the 4th quarter. International Assets Investment Management LLC now owns 63,004 shares of the industrial products company’s stock worth $7,205,000 after acquiring an additional 62,398 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Xylem by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock worth $3,207,683,000 after acquiring an additional 187,847 shares in the last quarter. Finally, Evoke Wealth LLC acquired a new stake in shares of Xylem in the 4th quarter valued at approximately $680,000. 87.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Rodney Aulick sold 21,800 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Geri-Michelle Mcshane sold 2,278 shares of the firm’s 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 transaction, the chief accounting officer now owns 3,536 shares in the company, valued at approximately $490,195.68. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Xylem Stock Up 0.3 %

XYL stock opened at $132.68 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.67 and a quick ratio of 1.22. The stock has a market capitalization of $32.17 billion, a price-to-earnings ratio of 47.22, a PEG ratio of 2.34 and a beta of 1.04. The business’s fifty day moving average price is $138.85 and its two-hundred day moving average price is $127.47. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings data 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. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 EPS. On average, equities analysts anticipate that Xylem Inc. will post 4.24 earnings per share for the current 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 given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Thursday, May 30th. Xylem’s payout ratio is currently 51.25%.

Analyst Upgrades and Downgrades

XYL has been the subject of several recent analyst reports. Oppenheimer increased their price objective on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. TD Cowen increased their price objective on Xylem from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Robert W. Baird increased their price objective on Xylem from $151.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. BNP Paribas initiated coverage on Xylem in a report on Tuesday, March 12th. They issued an “outperform” rating and a $150.00 price objective for the company. Finally, Royal Bank of Canada increased their price objective on Xylem from $157.00 to $162.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.92.

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.