Xylem Inc. (NYSE:XYL) Shares Sold by Virtu Financial LLC

Virtu Financial LLC decreased its position in shares of Xylem Inc. (NYSE:XYL) by 44.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,560 shares of the industrial products company’s stock after selling 4,371 shares during the quarter. Virtu Financial LLC’s holdings in Xylem were worth $754,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew 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 valued at $25,000 after buying an additional 77 shares during the period. Blue Trust Inc. increased its stake in shares of Xylem by 1,185.7% in the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 249 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of Xylem by 170.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Xylem by 184.9% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 220 shares during the period. Finally, Redwood Wealth Management Group LLC purchased a new position in Xylem during the second quarter worth approximately $47,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XYL has been the subject of several research analyst reports. Argus upped their target price on Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Oppenheimer increased their price objective on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Stifel Nicolaus boosted their target price on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. TD Cowen reaffirmed a “hold” rating and issued a $138.00 price target on shares of Xylem in a research note on Tuesday, September 3rd. Finally, UBS Group assumed coverage on Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and a consensus price target of $147.54.

Xylem Trading Up 2.6 %

Shares of XYL stock opened at $136.29 on Friday. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The stock 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. The company’s 50-day moving average price is $133.78 and its 200-day moving average price is $134.07. The company has a current ratio of 1.85, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

Xylem (NYSE:XYL) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Xylem had a net margin of 9.11% and a return on equity of 9.48%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm earned $0.98 EPS. The business’s revenue was up 26.0% compared to the same quarter last year. As a group, equities analysts predict that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

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