Resources Management Corp CT ADV Sells 90 Shares of Xylem Inc. (NYSE:XYL)

Resources Management Corp CT ADV decreased its position in shares of Xylem Inc. (NYSE:XYL) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,011 shares of the industrial products company’s stock after selling 90 shares during the period. Resources Management Corp CT ADV’s holdings in Xylem were worth $1,629,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position 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 buying an additional 77 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in shares of Xylem in the second quarter worth $33,000. Blue Trust Inc. increased its position 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 worth $35,000 after purchasing an additional 249 shares during the period. FinTrust Capital Advisors LLC increased its position 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 purchasing an additional 200 shares during the period. Finally, Hazlett Burt & Watson Inc. increased 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 worth $43,000 after purchasing an additional 220 shares during the period. Institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Royal Bank of Canada raised their price target on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. UBS Group assumed coverage on Xylem in a research note on Tuesday, August 13th. They issued a “buy” rating and a $165.00 price objective on the stock. Stifel Nicolaus raised their price objective on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. TD Cowen reaffirmed a “hold” rating and issued a $138.00 price objective on shares of Xylem in a research note on Tuesday, September 3rd. Finally, Robert W. Baird raised their price objective on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.54.

Xylem Trading Down 0.2 %

Shares of XYL stock opened at $134.51 on Tuesday. The company has a market cap of $32.61 billion, a P/E ratio of 47.87, a PEG ratio of 2.34 and a beta of 1.04. The stock has a 50 day simple moving average of $133.63 and a two-hundred day simple moving average of $134.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.33 and a current ratio of 1.85. Xylem Inc. has a fifty-two week low of $87.59 and a fifty-two week high of $146.08.

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 the consensus estimate of $1.05 by $0.04. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. Xylem had a return on equity of 9.48% and a net margin of 9.11%. The company’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. Research analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Announces Dividend

The business also recently announced 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 of this dividend is Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.07%. Xylem’s payout ratio is 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.