Providence Capital Advisors LLC Has $6.29 Million Stock Holdings in Xylem Inc. (NYSE:XYL)

Providence Capital Advisors LLC boosted its holdings in shares of Xylem Inc. (NYSE:XYL) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,378 shares of the industrial products company’s stock after buying an additional 356 shares during the period. Xylem makes up about 1.4% of Providence Capital Advisors LLC’s portfolio, making the stock its 21st largest position. Providence Capital Advisors LLC’s holdings in Xylem were worth $6,290,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Xylem by 68.8% in the first quarter. EverSource Wealth Advisors LLC now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Xylem in the second quarter valued at about $33,000. Blue Trust Inc. raised its holdings in shares of Xylem by 1,185.7% in the second 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 during the last quarter. FinTrust Capital Advisors LLC raised 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 valued at $41,000 after purchasing an additional 200 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings 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 purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Price Performance

Shares of NYSE:XYL opened at $134.51 on Tuesday. 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 firm has a market capitalization of $32.61 billion, a PE ratio of 47.87, a P/E/G ratio of 2.34 and a beta of 1.04. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The company has a 50-day moving average price of $133.63 and a two-hundred day moving average price of $134.30.

Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating 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 company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the business earned $0.98 earnings per share. Xylem’s revenue was up 26.0% compared to the same quarter last year. Equities analysts forecast that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be given a $0.36 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.07%. Xylem’s dividend payout ratio (DPR) is currently 51.25%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Robert W. Baird increased their target price on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus increased their target price on shares of Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Oppenheimer raised their price objective on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Argus raised their price objective on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Royal Bank of Canada raised their price objective on shares of Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Xylem has a consensus rating of “Moderate Buy” and an average price target 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.