Mercer Global Advisors Inc. ADV Trims Stock Holdings in Xylem Inc. (NYSE:XYL)

Mercer Global Advisors Inc. ADV decreased its holdings in shares of Xylem Inc. (NYSE:XYL) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,222 shares of the industrial products company’s stock after selling 2,235 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Xylem were worth $2,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in Xylem by 68.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Blue Trust Inc. increased its position in shares of Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after buying an additional 249 shares during the period. FinTrust Capital Advisors LLC lifted its holdings in shares of Xylem by 170.9% in the first quarter. FinTrust Capital Advisors LLC now owns 317 shares of the industrial products company’s stock worth $41,000 after buying an additional 200 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of Xylem by 184.9% in the first quarter. Hazlett Burt & Watson Inc. now owns 339 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 220 shares during the period. Finally, Redwood Wealth Management Group LLC purchased a new position in Xylem during the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on XYL shares. Royal Bank of Canada raised their price target on shares of Xylem from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird raised their price target on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group began coverage on Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Finally, Oppenheimer raised their target price on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Xylem presently has an average rating of “Moderate Buy” and an average price target of $147.54.

Xylem Stock Performance

NYSE XYL opened at $134.81 on Monday. The firm has a market cap of $32.68 billion, a price-to-earnings ratio of 47.98, a PEG ratio of 2.34 and a beta of 1.04. The company has a 50-day simple moving average of $133.68 and a two-hundred day simple moving average of $134.24. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.19. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08.

Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the company earned $0.98 EPS. Xylem’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, equities analysts forecast that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders 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 yield of 1.07%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s dividend payout ratio (DPR) is presently 51.25%.

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.