Xylem Inc. (NYSE:XYL) Shares Sold by AE Wealth Management LLC

AE Wealth Management LLC cut its stake in Xylem Inc. (NYSE:XYL) by 9.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,795 shares of the industrial products company’s stock after selling 1,471 shares during the quarter. AE Wealth Management LLC’s holdings in Xylem were worth $1,871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Xylem by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 28,048,996 shares of the industrial products company’s stock valued at $3,207,683,000 after purchasing an additional 187,847 shares during the last quarter. Swedbank AB increased its stake in Xylem by 1.0% during the second quarter. Swedbank AB now owns 2,436,974 shares of the industrial products company’s stock worth $330,527,000 after acquiring an additional 25,308 shares during the last quarter. Mirova US LLC increased its stake in Xylem by 2.0% during the second quarter. Mirova US LLC now owns 1,876,618 shares of the industrial products company’s stock worth $254,526,000 after acquiring an additional 36,013 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Xylem by 2.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,665,090 shares of the industrial products company’s stock valued at $227,364,000 after purchasing an additional 36,601 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Xylem by 1,503.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,649,926 shares of the industrial products company’s stock valued at $188,685,000 after purchasing an additional 1,547,043 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Xylem Stock Performance

Shares of Xylem stock opened at $134.51 on Tuesday. 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 Inc. has a 52 week low of $87.59 and a 52 week high of $146.08. The firm’s 50 day moving average is $133.63 and its two-hundred day moving average is $134.30. The firm has a market capitalization of $32.61 billion, a P/E ratio of 47.87, a P/E/G ratio of 2.34 and a beta of 1.04.

Xylem (NYSE:XYL) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating 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 firm 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. The company’s revenue was up 26.0% on a year-over-year basis. Research analysts forecast that Xylem Inc. will post 4.26 EPS for the current fiscal year.

Xylem Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors 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 yield of 1.07%. Xylem’s dividend payout ratio is presently 51.25%.

Analysts Set New Price Targets

A number of research firms have commented on XYL. Oppenheimer upped their target price on shares of Xylem from $147.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Argus increased their price objective on shares of Xylem from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Robert W. Baird boosted their target price on Xylem from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. 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. Finally, Stifel Nicolaus lifted 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. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $147.54.

Xylem Company 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.