Amalgamated Bank Decreases Stake in Xylem Inc. (NYSE:XYL)

Amalgamated Bank lessened its holdings in shares of Xylem Inc. (NYSE:XYL) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,885 shares of the industrial products company’s stock after selling 1,723 shares during the quarter. Amalgamated Bank’s holdings in Xylem were worth $6,630,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of XYL. EverSource Wealth Advisors LLC boosted its position in Xylem by 68.8% during the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Xylem by 3.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 79 shares during the last quarter. Addison Advisors LLC grew its position in shares of Xylem by 5.8% in the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 82 shares in the last quarter. Waycross Investment Management Co increased its holdings in shares of Xylem by 1.8% in the second quarter. Waycross Investment Management Co now owns 4,895 shares of the industrial products company’s stock valued at $664,000 after purchasing an additional 87 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its position in Xylem by 2.3% during the first quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock worth $522,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 2.6 %

Shares of NYSE XYL opened at $136.29 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $133.78 and its two-hundred day moving average is $134.07. Xylem Inc. has a 52-week low of $87.59 and a 52-week high of $146.08. The firm has a market cap of $33.10 billion, a price-to-earnings ratio of 48.50, a PEG ratio of 2.34 and a beta of 1.04.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was up 26.0% on a year-over-year basis. Research analysts predict that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is currently 51.25%.

Wall Street Analysts Forecast Growth

XYL has been the subject of several analyst reports. Oppenheimer upped their target price on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Robert W. Baird upped their price objective on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. TD Cowen reaffirmed a “hold” rating and set a $138.00 target price on shares of Xylem in a research note on Tuesday, September 3rd. Royal Bank of Canada boosted their target price on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Argus raised their price target on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Xylem has an average rating of “Moderate Buy” and a consensus target price of $147.54.

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.