Xylem Inc. (NYSE:XYL) Shares Sold by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC reduced its stake in Xylem Inc. (NYSE:XYL) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,097 shares of the industrial products company’s stock after selling 191 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Xylem were worth $266,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 77 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in Xylem during the 2nd quarter valued at about $33,000. Blue Trust Inc. boosted its holdings in Xylem by 1,185.7% during the 2nd quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 249 shares during the period. FinTrust Capital Advisors LLC grew its position in 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 acquiring an additional 200 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in Xylem by 184.9% during 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. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

XYL has been the topic of several analyst reports. Oppenheimer increased their price objective on Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Argus raised their price objective on shares of Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Robert W. Baird boosted their target price on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. TD Cowen restated 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 report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Xylem has an average rating of “Moderate Buy” and a consensus price target of $147.54.

Xylem Stock Performance

Shares of XYL opened at $134.51 on Tuesday. The company’s 50 day simple moving average is $133.63 and its 200-day simple moving average is $134.30. The firm has a market cap of $32.61 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04. Xylem Inc. has a 12-month low of $87.59 and a 12-month high of $146.08. 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 issued its quarterly earnings data 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 net margin of 9.11% and a return on equity of 9.48%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $0.98 EPS. Xylem’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, equities analysts predict that Xylem Inc. will post 4.26 EPS for the current year.

Xylem Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, August 29th. Xylem’s dividend payout ratio is presently 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.