Elo Mutual Pension Insurance Co Sells 1,327 Shares of Xylem Inc. (NYSE:XYL)

Elo Mutual Pension Insurance Co trimmed its position in shares of Xylem Inc. (NYSE:XYL) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,714 shares of the industrial products company’s stock after selling 1,327 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Xylem were worth $2,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised 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 valued at $25,000 after purchasing an additional 77 shares in the last quarter. Blue Trust Inc. increased its stake in Xylem by 1,185.7% during the second quarter. Blue Trust Inc. now owns 270 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 249 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in Xylem by 170.9% during 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 period. Hazlett Burt & Watson Inc. lifted its stake in shares of Xylem by 184.9% in the 1st 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. Finally, Redwood Wealth Management Group LLC purchased a new position in shares of Xylem in the 2nd quarter worth approximately $47,000. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on XYL shares. Stifel Nicolaus increased their price target on Xylem from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. TD Cowen reissued a “hold” rating and issued a $138.00 target price on shares of Xylem in a research note on Tuesday, September 3rd. UBS Group assumed coverage on shares of Xylem in a research note on Tuesday, August 13th. They set a “buy” rating and a $165.00 price target for the company. Robert W. Baird increased their price objective on shares of Xylem from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Oppenheimer raised their price objective on shares of Xylem from $147.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Xylem presently has an average rating of “Moderate Buy” and a consensus price target of $147.54.

Xylem Trading Up 2.6 %

Shares of NYSE XYL opened at $136.29 on Friday. Xylem Inc. has a twelve month low of $87.59 and a twelve month high of $146.08. The firm has a market cap of $33.10 billion, a PE ratio of 48.50, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04. The business has a fifty day simple moving average of $133.78 and a two-hundred day simple moving average of $134.07. 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 (NYSE:XYL) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating 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 firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. Analysts expect that Xylem Inc. will post 4.26 earnings per share for the current fiscal year.

Xylem Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be paid 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 dividend yield of 1.06%. Xylem’s dividend payout ratio is presently 51.25%.

Xylem 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.