Gabelli Funds LLC Cuts Stock Position in Xylem Inc. (NYSE:XYL)

Gabelli Funds LLC trimmed its position in shares of Xylem Inc. (NYSE:XYL) by 5.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 502,229 shares of the industrial products company’s stock after selling 30,121 shares during the quarter. Gabelli Funds LLC owned 0.21% of Xylem worth $68,117,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brown Advisory Inc. grew its holdings in shares of Xylem by 1.1% in the fourth quarter. Brown Advisory Inc. now owns 8,203 shares of the industrial products company’s stock valued at $938,000 after purchasing an additional 92 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Xylem by 7.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,388 shares of the industrial products company’s stock valued at $273,000 after buying an additional 174 shares during the period. D.A. Davidson & CO. grew its stake in shares of Xylem by 23.1% in the fourth quarter. D.A. Davidson & CO. now owns 8,655 shares of the industrial products company’s stock worth $990,000 after acquiring an additional 1,625 shares in the last quarter. Commerce Bank increased its position in shares of Xylem by 13.7% during the fourth quarter. Commerce Bank now owns 10,878 shares of the industrial products company’s stock worth $1,244,000 after acquiring an additional 1,313 shares during the period. Finally, SageView Advisory Group LLC acquired a new stake in shares of Xylem in the fourth quarter valued at $304,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Xylem Stock Performance

NYSE XYL opened at $134.81 on Friday. The company has a fifty day moving average of $133.68 and a two-hundred day moving average of $134.19. The company has a market capitalization of $32.68 billion, a PE ratio of 47.98, a P/E/G ratio of 2.34 and a beta of 1.04. Xylem Inc. has a 1 year low of $87.59 and a 1 year high of $146.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.85 and a quick ratio of 1.33.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the business posted $0.98 EPS. The firm’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, analysts expect that Xylem Inc. will post 4.26 earnings per share for the current year.

Xylem Dividend Announcement

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

Analyst Ratings Changes

XYL has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on Xylem from $160.00 to $163.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. 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. Oppenheimer upped their target price 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. Stifel Nicolaus lifted their price target on shares of Xylem from $170.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird increased their price objective on shares of Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Xylem has an average 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.