Axxcess Wealth Management LLC Lowers Stake in Xylem Inc. (NYSE:XYL)

Axxcess Wealth Management LLC cut its holdings in Xylem Inc. (NYSE:XYL) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,509 shares of the industrial products company’s stock after selling 272 shares during the period. Axxcess Wealth Management LLC’s holdings in Xylem were worth $612,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Xylem by 68.8% in 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 last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Xylem by 3.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,317 shares of the industrial products company’s stock worth $299,000 after buying an additional 79 shares during the last quarter. Addison Advisors LLC lifted its position in Xylem by 5.8% during the second quarter. Addison Advisors LLC now owns 1,486 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 82 shares during the period. Waycross Investment Management Co boosted its stake in shares of Xylem by 1.8% in the 2nd quarter. Waycross Investment Management Co now owns 4,895 shares of the industrial products company’s stock worth $664,000 after buying an additional 87 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its position in Xylem by 2.3% in the first quarter. Bleakley Financial Group LLC now owns 4,042 shares of the industrial products company’s stock worth $522,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Xylem Trading Up 2.6 %

XYL opened at $136.29 on Friday. 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 stock’s fifty day moving average is $133.78 and its two-hundred day moving average is $134.07. The company has a market capitalization of $33.10 billion, a P/E ratio of 48.50, a PEG ratio of 2.34 and a beta of 1.04. Xylem Inc. has a 52 week low of $87.59 and a 52 week high of $146.08.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 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 company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Xylem’s revenue for the quarter was up 26.0% compared to the same quarter last year. Analysts forecast that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

The company 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 is Thursday, August 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.06%. Xylem’s payout ratio is 51.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on XYL shares. TD Cowen reissued a “hold” rating and set a $138.00 price objective on shares of Xylem in a research report on Tuesday, September 3rd. UBS Group began coverage on shares of Xylem in a report on Tuesday, August 13th. They set a “buy” rating and a $165.00 price objective for the company. Royal Bank of Canada lifted their target price on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Oppenheimer upped their price target 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. Finally, Argus raised their price objective on Xylem from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently 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.